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Accounting and Payroll Systems: Payroll Unit 2

Preparing a Payroll Register with Deductions


Bronson Company is a small manufacturing firm located in Milwaukee, WI. The company has a workforce
of both hourly and salaried employees.

Each employee is paid for hours actually worked during each week, with the time worked being recorded
in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being
paid time and one-half for any hours worked beyond the 40 regular hours.

Hours worked on Sundays are paid double-time.

Wages are paid bi-weekly one week after the payroll period ends.
Each individual calculation should be rounded to the nearest cent.

Employee Information:

Time
Card Marital Withholding
No. Employee Name Hourly Wage or Salary Status Allowances
11 Fran M. Carson $7.50 per hour S 1
12 William A. Wilson 7.25 per hour S 0
13 Harry T. Utley 8.10 per hour M 2
21 Lawrence R. Fife 7.90 per hour M 4
22 Lucy K. Smith 9.75 per hour S 2
31 Gretchen R. Fay 1,030 bi-weekly M 3
32 Glenda B. Robey 1,700 bi-weekly M 6
33 Thomas K. Schork 1,980 bi-weekly S 1
51 Barbara T. Hardy 1,510 bi-weekly M 5
99 Carson C. Bronson 52,000 per year M 7

Requirements:
Part 1
1) Determine Hours Worked for each employee on the Time Card Register
2) Transfer employee information and hours worked into the Payroll Register Form

Part 2
3) Calculate overtime and double-time rates and appropriate earnings
4) Determine Total Gross Earnings

Part 3
5) Calculate OASDI and Medicare Deductions (USE 2015 deduction %'s)
6) Use Bracket Method for Federal Withholding Tax and State Withholding Tax

Part 4
7) Record Journal Entry from Payroll Register

Complete first payroll register with Mark; second payroll register for your application.
Name: Leena Oliver

Time Period Reports for Period ending January 15 (Next Pay Date is Friday, January 20):

Week of January 2

Time Regular Double-


Card Hours Overtime time
No. Employee Name M T W T F S S Worked Hours Hours
11 Fran M. Carson 8 8 8 8 7 - 4 39.00 0.00 4.00
12 William A. Wilson 8 8 8 8 8 8 40.00 8.00 0.00
13 Harry T. Utley 8 5.5 8 8 8 - 37.50 0.00 0.00
21 Lawrence R. Fife 10 10 8 8 10 - 4 40.00 6.00 4.00
22 Lucy K. Smith 8 8 9 8 8 1 40.00 2.00 0.00
31 Gretchen R. Fay 8 8 8 8 8 - 40.00 0.00 0.00
32 Glenda B. Robey 8 8 8 8 8 - 40.00 0.00 0.00
33 Thomas K. Schork 8 8 8 8 8 - 40.00 0.00 0.00
51 Barbara T. Hardy 8 8 8 8 8 - 40.00 0.00 0.00
99 Carson C. Bronson 8 8 8 8 8 - 40.00 0.00 0.00

Week of January 9
Time
Card
No. Employee Name M T W T F S S
11 Fran M. Carson 9 8 8 8 9 - 4 40.00 2.00 4.00
12 William A. Wilson 8 8 8.5 8 8 4 40.00 4.50 0.00
13 Harry T. Utley 8 8 8 10 8 - 40.00 2.00 0.00
21 Lawrence R. Fife 8 10 8 8 10 3 4 40.00 7.00 4.00
22 Lucy K. Smith 8 8 8 8 8 - 40.00 0.00 0.00
31 Gretchen R. Fay 8 8 8 8 8 - 40.00 0.00 0.00
32 Glenda B. Robey 8 8 8 8 8 - 40.00 0.00 0.00
33 Thomas K. Schork 8 8 8 8 8 - 40.00 0.00 0.00
51 Barbara T. Hardy 8 8 8 8 8 - 40.00 0.00 0.00
99 Carson C. Bronson 8 8 8 8 8 - 40.00 0.00 0.00

Time Period Reports for Period ending January 29 (Next Pay Date is Friday, February 3):

Week of January 16
Time
Card
No. Employee Name M T W T F S S
11 Fran M. Carson 8 6.25 8 8 7 - 4 37.25 0.00 4.00
12 William A. Wilson 7 8 8 8 8 8 4 40.00 7.00 4.00
13 Harry T. Utley 8 5.5 8 10 8 - 39.50 0.00 0.00
21 Lawrence R. Fife 10 9 8 8 10 - 4 40.00 5.00 4.00
22 Lucy K. Smith 8 11 9 8 6 3 40.00 5.00 0.00
31 Gretchen R. Fay 8 8 8 8 8 - 40.00 0.00 0.00
32 Glenda B. Robey 8 8 8 8 8 - 40.00 0.00 0.00
33 Thomas K. Schork 8 8 8 8 8 - 40.00 0.00 0.00
51 Barbara T. Hardy 8 8 8 8 8 - 40.00 0.00 0.00
99 Carson C. Bronson 8 8 8 8 8 - 40.00 0.00 0.00

Week of January 23
Time
Card
No. Employee Name M T W T F S S
11 Fran M. Carson 9 9 9 8 9 - 4 40.00 4.00 4.00
12 William A. Wilson 8 8 8.5 8 8 4 40.00 4.50 0.00
13 Harry T. Utley 7.25 8 8 10 8 - 40.00 1.25 0.00
21 Lawrence R. Fife 8 10 8 8 10 3 4 40.00 7.00 4.00
22 Lucy K. Smith 9.5 8 8 6.75 8 - 40.00 0.25 0.00
31 Gretchen R. Fay 8 8 8 8 8 - 40.00 0.00 0.00
32 Glenda B. Robey 8 8 8 8 8 - 40.00 0.00 0.00
33 Thomas K. Schork 8 8 8 8 8 - 40.00 0.00 0.00
51 Barbara T. Hardy 8 8 8 8 8 - 40.00 0.00 0.00
99 Carson C. Bronson 8 8 8 8 8 - 40.00 0.00 0.00
Bronson Company Payroll Register Name: Leena Oliver

For Bi-Weekly Pay Period Ending January 15, 2015:


6.20% 1.45%
Regular Earnings Overtime Earnings Doubletime Earnings DEDUCTIONS
Time Card Marital With. Hours Hours Rate Per Hours Rate Per Total Gross
No. Name Status Allow. Worked Rate Per Hour Amount Worked Hour Amount Worked Hour Amount Earnings OASDI Medicare FWT SWT Other Net Pay
11 Fran M. Carson S 1 79.00 7.50 592.50 2.00 11.25 22.50 8.00 15.00 120.00 735.00 45.57 10.66 55.00 22.50 601.27
12 William A. Wilson S 0 80.00 7.25 580.00 12.50 10.88 136.00 - 14.50 - 716.00 44.39 10.38 75.00 22.10 564.13
13 Harry T. Utley M 2 77.50 8.10 627.75 2.00 12.15 24.30 - 16.20 - 652.05 40.43 9.45 1.00 12.90 588.27
21 Lawrence R. Fife M 4 80.00 7.90 632.00 13.00 11.85 154.05 8.00 15.80 126.40 912.45 56.57 13.23 - 25.50 817.15
22 Lucy K. Smith S 2 80.00 9.75 780.00 2.00 14.63 29.26 - 19.50 - 809.26 50.17 11.73 44.00 26.20 677.16
31 Gretchen R. Fay M 3 80.00 12.88 1,030.00 - 19.32 - - 25.76 - 1,030.00 63.86 14.94 24.00 34.80 892.40
32 Glenda B. Robey M 6 80.00 21.25 1,700.00 - 31.88 - - 42.50 - 1,700.00 105.40 24.65 46.00 81.90 1,442.05
33 Thomas K. Schork S 1 80.00 24.75 1,980.00 - 37.13 - - 49.50 - 1,980.00 122.76 28.71 275.00 108.90 1,444.63
51 Barbara T. Hardy M 5 80.00 18.88 1,510.00 - 28.32 - - 37.76 - 1,510.00 93.62 21.90 41.00 68.50 1,284.98
99 Carson C. Bronson M 7 80.00 25.00 2,000.00 - 37.50 - - 50.00 - 2,000.00 124.00 29.00 60.00 103.50 1,683.50
TOTALS 796.50 11,432.25 31.50 366.11 16.00 246.40 12,044.76 746.77 174.65 621.00 506.80 - 9,995.54
Cross Ref. Fixed ROUND, 2 Cross Ref. ROUND, 2 ROUND, 2 Cross Ref. ROUND, 2 ROUND, 2 =Reg+Ovt+Dbt 2015 rate 2015 rate Bracket Bracket None =Gross-Ded.
$12,044.76 ROUND, 2 ROUND, 2 2015 2015
Accounting Entry from Payroll: Payroll Tax Entries: Debit Credit
Debit Credit Payroll Tax Expense 1,427.30
1/20/2012 Hourly Employee Wage Expense 3,824.76 OASDI Payable (ER) 746.77
Salaried Employee Wage Expense 8,220.00 Medicare Payable (ER) 174.65
OASDI Payable (EE) 746.77 FUTA Payable 72.27 .6% on first $7,000 ROUND, 2
Medicare Payable (EE) 174.65 SUTA Payable 433.61 3.6% on first $13,000 ROUND, 2
FWT Payable 621.00 1,427.30 1,427.30
SWT Payable 506.80
Other Payable - What the payroll costs the company?
Cash 9,995.54 Hourly Employee Wage Expense 3,824.76
12,044.76 12,044.76 Salaried Employee Wage Expense 8,220.00
Payroll Tax Expense 1,427.30
13,472.06
For Bi-Weekly Pay Period Ending January 29, 2015:
6.20% 1.45%
Regular Earnings Overtime Earnings Doubletime Earnings DEDUCTIONS
Time Card Marital With. Hours Hours Rate Per Hours Rate Per Total Gross
No. Name Status Allow. Worked Rate Per Hour Amount Worked Hour Amount Worked Hour Amount Earnings OASDI Medicare FWT SWT Other Net Pay
11 Fran M. Carson S 1 77.25 7.50 579.38 4.00 11.25 45.00 8.00 15.00 120.00 744.38 46.15 10.79 58.00 23.10 606.34
12 William A. Wilson S 0 80.00 7.25 580.00 11.50 10.88 125.12 4.00 14.50 58.00 763.12 47.31 11.07 84.00 25.30 595.44
13 Harry T. Utley M 2 79.50 8.10 643.95 1.25 12.15 15.19 - 16.20 - 659.14 40.87 9.56 1.00 12.90 594.81
21 Lawrence R. Fife M 4 80.00 7.90 632.00 12.00 11.85 142.20 8.00 15.80 126.40 900.60 55.84 13.06 - 24.80 806.90
22 Lucy K. Smith S 2 80.00 9.75 780.00 5.25 14.63 76.81 - 19.50 - 856.81 53.12 12.42 50.00 29.40 711.87
31 Gretchen R. Fay M 3 80.00 12.88 1,030.00 - 19.32 - - 25.76 - 1,030.00 63.86 14.94 24.00 34.80 892.40
32 Glenda B. Robey M 6 80.00 21.25 1,700.00 - 31.88 - - 42.50 - 1,700.00 105.40 24.65 46.00 81.90 1,442.05
33 Thomas K. Schork S 1 80.00 24.75 1,980.00 - 37.13 - - 49.50 - 1,980.00 122.76 28.71 275.00 108.90 1,444.63
51 Barbara T. Hardy M 5 80.00 18.88 1,510.00 - 28.32 - - 37.76 - 1,510.00 93.62 21.90 41.00 68.50 1,284.98
99 Carson C. Bronson M 7 80.00 25.00 2,000.00 - 37.50 - - 50.00 - 2,000.00 124.00 29.00 60.00 103.50 1,683.50
TOTALS 796.75 11,435.33 34.00 404.32 20.00 304.40 12,144.05 752.93 176.10 639.00 513.10 - 10,062.92
Cross Ref. Fixed ROUND, 2 Cross Ref. ROUND, 2 ROUND, 2 Cross Ref. ROUND, 2 ROUND, 2 =Reg+Ovt+Dbt 2012 rate 2012 rate Bracket Bracket None =Gross-Ded.
ROUND, 2 ROUND, 2 2012 2012 $ 10,062.92
Accounting Entry from Payroll: Payroll Tax Entries: Debit Credit
Debit Credit Payroll Tax Expense 1,439.08
2/3/2012 Hourly Employee Wage Expense 3,924.05 OASDI Payable (ER) 752.93
Salaried Employee Wage Expense 8,220.00 Medicare Payable (ER) 176.10
OASDI Payable (EE) 752.93 FUTA Payable 72.86 .6% on first $7,000 ROUND, 2
Medicare Payable (EE) 176.10 SUTA Payable 437.19 3.6% on first $13,000 ROUND, 2
FWT Payable 639.00 1,439.08 1,439.08
SWT Payable 513.10
Other Payable - What the payroll costs the company?
Cash 10,062.92 Hourly Employee Wage Expense 3,924.05
12,144.05 12,144.05 Salaried Employee Wage Expense 8,220.00
Payroll Tax Expense 1,439.08
13,583.13