Solutions and Test Bank for Payroll Accounting
Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on
Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour.
Calculate Brandon's regular, overtime and total hours for the week. - Answers40 Regular Hours,
8 Overtime Hours, and 48 Total Hours
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay? -
Answers$173.25
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00,
Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the
employer's payroll taxes? - AnswersDebit Payroll Tax Expense $405.00; Credit Social Security Tax
Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal
Income Tax $250.00. What is the entry to journalize the payment of the payroll taxes? -
AnswersDebit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal
Income Tax Payable $250.00; credit Cash $600.00
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to
journalize the payment of the unemployment taxes? - AnswersDebit State Unemployment Tax
Payable $168.00, credit Cash $168.00
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the
payment of the unemployment taxes? - AnswersDebit Federal Unemployment Tax Payable
$28.00, credit Cash $28.00
John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in
Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income
tax withholding. What is the correct entry for recording the company's payroll? - AnswersDebit
, Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable
$21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
In FIGURE 4.03 C, what is the Social Security withholding for Sally? - Answers$26.35
In FIGURE 4.03 C, what is the Medicare withholding for Kevin? - Answers$8.70
In FIGURE 4.03 B, what are Mark's gross earnings for the pay period? - Answers$1,077.50
In FIGURE 4.03 B, what are Alison's gross earnings for the pay period? - Answers$1,634.62
In FIGURE 4.03 C, what is the Social Security withholding for Kevin? - Answers$37.20
In FIGURE 4.03 C, what is the state income tax withholding for Kevin? - Answers$39.00
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding
of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93.
What are Greg's total deductions? - Answers$84.67
FIGURE 4.03 E, what is the employer's Medicare tax amount for the pay period? - Answers$
29.00
In FIGURE 4.03 E, what is the employer's Social Security tax amount for the pay period? -
Answers$124.00
In FIGURE 4.03 E, what is the employer's federal unemployment tax for the pay period? -
Answers$ 16.00
The current minimum wage - Answers$7.25
Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on
Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour.
Calculate Brandon's regular, overtime and total hours for the week. - Answers40 Regular Hours,
8 Overtime Hours, and 48 Total Hours
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay? -
Answers$173.25
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00,
Medicare Tax $125.00 and Federal Unemployment Tax $55.00. What is the entry to record the
employer's payroll taxes? - AnswersDebit Payroll Tax Expense $405.00; Credit Social Security Tax
Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal
Income Tax $250.00. What is the entry to journalize the payment of the payroll taxes? -
AnswersDebit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal
Income Tax Payable $250.00; credit Cash $600.00
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to
journalize the payment of the unemployment taxes? - AnswersDebit State Unemployment Tax
Payable $168.00, credit Cash $168.00
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the
payment of the unemployment taxes? - AnswersDebit Federal Unemployment Tax Payable
$28.00, credit Cash $28.00
John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in
Medicare withholding, $200.00 in federal income tax withholding, and $80.00 in state income
tax withholding. What is the correct entry for recording the company's payroll? - AnswersDebit
, Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable
$21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
In FIGURE 4.03 C, what is the Social Security withholding for Sally? - Answers$26.35
In FIGURE 4.03 C, what is the Medicare withholding for Kevin? - Answers$8.70
In FIGURE 4.03 B, what are Mark's gross earnings for the pay period? - Answers$1,077.50
In FIGURE 4.03 B, what are Alison's gross earnings for the pay period? - Answers$1,634.62
In FIGURE 4.03 C, what is the Social Security withholding for Kevin? - Answers$37.20
In FIGURE 4.03 C, what is the state income tax withholding for Kevin? - Answers$39.00
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding
of $3.55, federal income tax withholding of $50.00, and state income tax withholding of $15.93.
What are Greg's total deductions? - Answers$84.67
FIGURE 4.03 E, what is the employer's Medicare tax amount for the pay period? - Answers$
29.00
In FIGURE 4.03 E, what is the employer's Social Security tax amount for the pay period? -
Answers$124.00
In FIGURE 4.03 E, what is the employer's federal unemployment tax for the pay period? -
Answers$ 16.00
The current minimum wage - Answers$7.25
