Continuing Payroll Problem, 4A: Chapter 4

This problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed.

Requirements:

1. Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction.
2. Determine and record the federal income taxes for each employee.
3. Determine and record the state income taxes for each employee.
4. Determine and record the city income taxes for the city of Pittsburgh.
5. Total each input column.

SIMPLE Plan Contributions

A SIMPLE IRA is a retirement plan that may be established by employers, including self-employed individuals (sole proprietorships and partnerships). The SIMPLE IRA allows eligible employees to contribute part of their pretax compensation to the plan. This means the tax on the money is deferred until it is distributed.^a

KIPLEY COMPANY, INC. SIMPLE Plan Contributions
Name	SIMPLE Deductions
Carson, F.	$20
Wilson, W.	50
Utley, H.	40
Fife, L.	50
Smith, L.	20
Fay, G.	40
Robey, G.	50
Schork, T.	60
Hardy, B.	30
Kipley, C.	80

Employee Data

Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowances. This information is necessary when determining the amount of tax to withhold.

Time Card No.	Employee Name	Filing Status	No. of Withholding Allowances
11	Fran M. Carson	S	N/A
12	William A. Wilson	S	N/A
13	Harry T. Utley	MFJ	N/A
21	Lawrence R. Fife	MFJ	N/A
22	Lucy K. Smith	S	N/A
31	Gretchen R. Fay	MFJ	N/A
32	Glenda B. Robey	MFJ	N/A
33	Thomas K. Schork	S	N/A
51	Barbara T. Hardy	MFJ	N/A
99	Carson C. Kipley	MFJ	N/A

Kindly please solve only FIT section. Thank you