Question: Continuing Payroll Problem: Chapter 3 As you learned in the previous chapter, Kipley Company is a small manufacturing firm located in Pittburoh, Pennsylvania. The company

 Continuing Payroll Problem: Chapter 3 As you learned in the previous
chapter, Kipley Company is a small manufacturing firm located in Pittburoh, Pennsylvania.
The company has a workforce o yroll Register emplovees, In the last

Continuing Payroll Problem: Chapter 3 As you learned in the previous chapter, Kipley Company is a small manufacturing firm located in Pittburoh, Pennsylvania. The company has a workforce o yroll Register emplovees, In the last chapter, gross wages were computed for each employee. The next task is computing the FICA withholding for each employee and the employer's liability Requirements: Adjacent to their name, each employee's gross wages are shown in the Pa 1. Compute the OASDI for each employee 2. Compute the HI for each employee. 3. On the Employer Register, compute the employer FICA iability Note: Round your final answers to the nearest cent. KPLEY COMPANY, NC. Employee Payroll Register NET PAY DEDUCTIONS EARNINGS SUTA CIT SIMPLE Grp.Ins. Health Ins. Ck. No. Amon OASDI 897.04 678.75 077.10 90.00 539.15 623.00 773.08 666.11 1,000.00 Wilson, W Utley, H ife, L Smith, L ay, G. Robey, G Schork, T B, Kipley Totals Employer Register Employer Register Complete the step below: 1. Enter the earnings upon which the employer liability will be computed. 2. Compute the employer FICA liability. Note: Round your final answers to the nearest cent. KIPLEY COMPANY, INC. Employer Register Payroll Taxes Earnings OASDI HI FUTA SUTA Totals

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!