CHAPTER 11
MERCHANDISING CORPORATION: PAYROLL
INSTRUCTOR NOTE:
Assignments that can be graded using the QuickBooks Grade Assistant are
designated with a *.
To download the QuickBooks Grade Assistant:
1. Go to www.QuickBooksEducator.info
2. Enter Passcode: DonnaKay
3. Select QB2013 GRADE ASSIST
4. Download QB2013 Grade Assistant Excel files with macros.
Instructions are provided on the first worksheet of each QuickBooks Grade
Assistant workbook.
Students can download Go Digital Excel report templates at
www.myquickbooks.me, and then export their reports to the Excel template for
grading with the QuickBooks Grade Assistant.
11.2
Exploring QuickBooks with Rock Castle Construction
CHAPTER 11 QUICK CHECK









*
*
*
*
CHAPTER 11
Deposit Summary
Employee List
Voucher Paychecks
Journal
Payroll Liability Checks
941 Tax Summary
Payroll Summary Report
EXERCISE 11.2
Form 941
EXERCISE 11.3
Form W-3
PROJECT 11 QUICK CHECK
PROJECT 11
 * Employee List
 * Payroll Transaction Detail
QUICKBOOKS CASE 11 QUICK CHECK
QB CASE 11
 * Employee List

Paychecks

Payroll Liability Checks
 * 941 Tax Summary
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.3
CHAPTER 11 DEPOSIT SUMMARY
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.4
Exploring QuickBooks with Rock Castle Construction
CHAPTER 11 EMPLOYEE LIST
Employee
Miles, Wil
City
Bayshore
Notes
Mr./Ms./...
Main Phone
Alt. Phone
No notes
State
CA
SS No.
Address
291-72-1440
Zip
Main Email
Date of Birth
Mobile
Pager
67 Dottie Lane Bayshore, CA 94326
Fax
PIN (Pager)
94326
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.5
CHAPTER 11 VOUCHER PAYCHECKS
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.6
Exploring QuickBooks with Rock Castle Construction
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Computer Accounting with QuickBooks 2013 by Donna Kay
Chapter 11 Merchandising Corporation: Payroll 11.7
©McGraw-Hill Education, 2014
11.8
Exploring QuickBooks with Rock Castle Construction
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.9
CHAPTER 11 JOURNAL
Trans #
Type
31 Paycheck
Date
Num
02/15/2019 404
Adj
Name
Memo
Account
Miles, Wil
10100 · YourName Checking
Miles, Wil
66000 · Payroll Expenses
Miles, Wil
24000 · Payroll Liabilities
Miles, Wil
24000 · Payroll Liabilities
TOTAL
Computer Accounting with QuickBooks 2013 by Donna Kay
Debit
Credit
802.54
1,035.54
233.00
0.00
1,035.54
1,035.54
1,035.54
1,035.54
©McGraw-Hill Education, 2014
11.10
Exploring QuickBooks with Rock Castle Construction
CHAPTER 11 PAYROLL LIABILITY CHECKS
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.11
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.12
Exploring QuickBooks with Rock Castle Construction
CHAPTER 11 941 TAX SUMMARY
941 Summary
Wages, Tips, and other Compensation
Payroll Category
Item Type
Salary
Salary
Tax Tracking Type
Compensation
Federal Tax Withholding
Federal Withholding
Subject Income
3,846.16
Taxed Wages
3,846.16
Social Security & Medicare
Social Security
Medicare
Subject Income
3,846.16
3,846.16
Taxed Wages
3,846.16
3,846.16
Amount
3,846.16
3,846.16
Tax
300.00
Tax Rate
0.124
0.029
Total Tax (Calculated)
Advance Earned Income Credit
888.46
Subject Income
Taxed Wages
Tax Credit
0.00
Total Tax After AEIC (Calculated)
888.46
COBRA Earned Credit
Tax Credit
0.00
Total Due After COBRA Credit
Daily Wage Summary
Item
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
Tax
476.92
111.54
588.46
888.46
Date
2/15/19
2/15/19
2/15/19
2/15/19
2/15/19
Subject Income
961.54
961.54
961.54
961.54
961.54
Taxed Wages
961.54
961.54
961.54
961.54
961.54
Monthly Total - February
Tax
75.00
60.00
60.00
14.00
14.00
223.00
223.00
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
3/1/19
3/1/19
3/1/19
3/1/19
3/1/19
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
75.00
60.00
60.00
14.00
14.00
223.00
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
3/15/19
3/15/19
3/15/19
3/15/19
3/15/19
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
75.00
60.00
60.00
14.00
14.00
223.00
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
3/29/19
3/29/19
3/29/19
3/29/19
3/29/19
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
961.54
75.00
60.00
60.00
14.00
14.00
223.00
Monthly Total - March
669.00
Total Tax - Actual
892.00
Taxed Wages by Employee
Employee
Miles, Wil
SSec. Wages
3,846.16
3,846.16
Computer Accounting with QuickBooks 2013 by Donna Kay
SSec. Tax
480.00
480.00
Medicare Wages
3,846.16
3,846.16
Medicare Tax
112.00
112.00
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.13
CHAPTER 11 PAYROLL SUMMARY REPORT
Miles, Wil
Hours
Rate
TOTAL
Feb 19
Hours
Rate
Feb 19
Employee Wages, Taxes and Adjustments
Gross Pay
Salary
961.54
961.54
Total Gross Pay
961.54
961.54
961.54
961.54
Federal Withholding
-75.00
-75.00
Medicare Employee
-14.00
-14.00
Social Security Employee
-60.00
-60.00
CA - Withholding
0.00
0.00
CA - Disability
0.00
0.00
-149.00
-149.00
-10.00
-10.00
-10.00
-10.00
802.54
802.54
Adjusted Gross Pay
Taxes Withheld
Total Taxes Withheld
Deductions from Net Pay
Charity Donation
Total Deductions from Net Pay
Net Pay
Employer Taxes and Contributions
Federal Unemployment
0.00
0.00
Medicare Company
14.00
14.00
Social Security Company
60.00
60.00
CA - Unemployment
0.00
0.00
CA - Employment Training Tax
0.00
0.00
Total Employer Taxes and Contributions
74.00
74.00
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.14
Exploring QuickBooks with Rock Castle Construction
EXERCISE 11.2 FORM 941
941 for 2013:
Form
(Rev. January 2013)
Employer’s QUARTERLY Federal Tax Return
950113
OMB No. 1545-0029
Department of the Treasury — Internal Revenue Service
Report for this Quarter of 2013
—
Employer identification number (EIN)
(Check one.)
1: January, February, March
Name (not your trade name)
2: April, May, June
Trade name (if any)
3: July, August, September
4: October, November, December
Address
Number
Street
Suite or room number
City
State
Instructions and prior year forms are
available at www.irs.gov/form941.
ZIP code
Read the separate instructions before you complete Form 941. Type or print within the boxes.
Part 1:
1
Answer these questions for this quarter.
Number of employees who received wages, tips, or other compensation for the pay period
including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4)
1
2
Wages, tips, and other compensation
3
Income tax withheld from wages, tips, and other compensation
4
If no wages, tips, and other compensation are subject to social security or Medicare tax
.
.
.
.
.
Column 1
.
.
.
.
.
.
.
.
.
.
.
.
2
.
.
.
.
.
.
.
.
3
Column 2
.
.
.
.
5a
Taxable social security wages .
.
5b
Taxable social security tips .
.
.
5c
Taxable Medicare wages & tips .
.
5d
Taxable wages & tips subject to
Additional Medicare Tax withholding
5e
Add Column 2 from lines 5a, 5b, 5c, and 5d
5f
Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions)
6
Total taxes before adjustments (add lines 3, 5e, and 5f) .
.
.
.
.
.
.
.
.
7
Current quarter’s adjustment for fractions of cents .
.
.
.
.
.
.
.
.
8
Current quarter’s adjustment for sick pay .
.
.
.
.
.
.
.
9
Current quarter’s adjustments for tips and group-term life insurance
.
.
.
.
.
.
.
.
× .124 =
× .124 =
× .029 =
× .009 =
.
.
.
.
.
.
Check and go to line 6.
.
.
.
.
.
.
5e
.
.
5f
.
.
.
6
.
.
.
.
7
.
.
.
.
.
8
.
.
.
.
.
.
9
.
.
.
.
.
.
.
.
.
10
Total taxes after adjustments. Combine lines 6 through 9
.
10
11
Total deposits for this quarter, including overpayment applied from a prior quarter and
overpayment applied from Form 941-X or Form 944-X filed in the current quarter . . .
11
12a
COBRA premium assistance payments (see instructions)
.
.
12b
Number of individuals provided COBRA premium assistance .
.
13
Add lines 11 and 12a .
.
.
.
.
.
.
.
.
.
.
.
.
.
12a
.
.
.
.
.
.
.
.
13
14
Balance due. If line 10 is more than line 13, enter the difference and see instructions
.
.
.
14
15
Overpayment. If line 13 is more than line 10, enter the difference
a
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Check one:
.
.
.
.
.
.
.
.
.
.
.
Apply to next return.
Next Na
You MUST complete both pages of Form 941 and SIGN it.
For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.
Computer Accounting with QuickBooks 2013 by Donna Kay
Send a refund.
Cat. No. 17001Z
Form 941 (Rev. 1-2013)
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.15
950213
Name (not your trade name)
Part 2:
Employer identification number (EIN)
Tell us about your deposit schedule and tax liability for this quarter.
If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see Pub. 15
(Circular E), section 11.
16 Check one:
Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you did not incur a
$100,000 next-day deposit obligation during the current quarter. If line 10 for the prior quarter was less than $2,500 but line 10 on this return
is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit
schedule below; if you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3.
You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total
liability for the quarter, then go to Part 3.
Tax liability:
.
.
.
.
Month 1
Month 2
Month 3
Total liability for quarter
Total must equal line 10.
You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941),
Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.
Part 3:
Tell us about your business. If a question does NOT apply to your business, leave it blank.
17 If your business has closed or you stopped paying wages .
.
.
.
Check here, and
18 If you are a seasonal employer and you do not have to file a return for every quarter of the year
.
.
Check here.
enter the final date you paid wages
Part 4:
/
/
.
.
.
.
.
.
.
.
.
.
.
.
May we speak with your third-party designee?
Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions
for details.
Yes. Designee’s name and phone number
Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS.
No.
Part 5:
Sign here. You MUST complete both pages of Form 941 and SIGN it.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Print your
name here
Sign your
name here
Date
Print your
title here
/
/
Best daytime phone
Paid Preparer Use Only
Check if you are self-employed
Preparer’s name
PTIN
Preparer’s signature
Date
Firm’s name (or yours
if self-employed)
EIN
Address
Phone
City
Page 2
Computer Accounting with QuickBooks 2013 by Donna Kay
State
/
.
.
.
/
ZIP code
Form 941 (Rev. 1-2013)
©McGraw-Hill Education, 2014
11.16
Exploring QuickBooks with Rock Castle Construction
Form 941-V,
Payment Voucher
Purpose of Form
Specific Instructions
Complete Form 941-V, Payment Voucher, if you are
making a payment with Form 941, Employer’s
QUARTERLY Federal Tax Return. We will use the
completed voucher to credit your payment more promptly
and accurately, and to improve our service to you.
Box 1—Employer identification number (EIN). If you do
not have an EIN, you may apply for one online. Go to
IRS.gov and click on the Apply for an EIN Online link
under “Tools.” You may also apply for an EIN by calling
1-800-829-4933, or you can fax or mail Form SS-4,
Application for Employer Identification Number, to the
IRS. If you have not received your EIN by the due date of
Form 941, write “Applied For” and the date you applied in
this entry space.
Box 2—Amount paid. Enter the amount paid with
Form 941.
Box 3—Tax period. Darken the circle identifying the
quarter for which the payment is made. Darken only
one circle.
Box 4—Name and address. Enter your name and
address as shown on Form 941.
• Enclose your check or money order made payable to
the "United States Treasury." Be sure to enter your
EIN, "Form 941," and the tax period on your check or
money order. Do not send cash. Do not staple Form
941-V or your payment to Form 941 (or to each other).
• Detach Form 941-V and send it with your payment
and Form 941 to the address in the Instructions for
Form 941.
Note. You must also complete the entity information
above Part 1 on Form 941.
To avoid a penalty, make your payment with Form 941
only if:
• Your total taxes after adjustments for either the current
quarter or the preceding quarter (Form 941, line 10) are
less than $2,500, you did not incur a $100,000 next-day
deposit obligation during the current quarter, and you are
paying in full with a timely filed return, or
• You are a monthly schedule depositor making a
payment in accordance with the Accuracy of Deposits
Rule. See section 11 of Pub. 15 (Circular E), Employer's
Tax Guide, for details. In this case, the amount of your
payment may be $2,500 or more.
Otherwise, you must make deposits by electronic funds
transfer. See section 11 of Pub. 15 (Circular E) for deposit
instructions. Do not use Form 941-V to make federal tax
deposits.
Caution. Use Form 941-V when making any payment with
Form 941. However, if you pay an amount with Form 941
that should have been deposited, you may be subject to a
penalty. See Deposit Penalties in section 11 of Pub. 15
(Circular E).
Form
d
Detach Here and Mail With Your Payment and Form 941.
941-V
Payment Voucher
Department of the Treasury
Internal Revenue Service
1
d
a Do
OMB No. 1545-0029
2013
not staple this voucher or your payment to Form 941.
2
Enter your employer identification
number (EIN).
Making Payments With Form 941
Dollars
Cents
Enter the amount of your payment. a
Make your check or money order payable to "United States Treasury"
4 Enter your business name (individual name if sole proprietor).
3 Tax Period
1st
Quarter
3rd
Quarter
2nd
Quarter
4th
Quarter
Enter your address.
Enter your city, state, and ZIP code.
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.17
Form 941 (Rev. 1-2013)
Privacy Act and Paperwork Reduction Act Notice.
We ask for the information on Form 941 to carry out the
Internal Revenue laws of the United States. We need it to
figure and collect the right amount of tax. Subtitle C,
Employment Taxes, of the Internal Revenue Code
imposes employment taxes on wages and provides for
income tax withholding. Form 941 is used to determine
the amount of taxes that you owe. Section 6011 requires
you to provide the requested information if the tax is
applicable to you. Section 6109 requires you to provide
your identification number. If you fail to provide this
information in a timely manner, or provide false or
fraudulent information, you may be subject to penalties.
You are not required to provide the information
requested on a form that is subject to the Paperwork
Reduction Act unless the form displays a valid OMB
control number. Books and records relating to a form or
its instructions must be retained as long as their contents
may become material in the administration of any Internal
Revenue law.
Generally, tax returns and return information are
confidential, as required by section 6103. However,
section 6103 allows or requires the IRS to disclose or
give the information shown on your tax return to others
as described in the Code. For example, we may
disclose your tax information to the Department of
Computer Accounting with QuickBooks 2013 by Donna Kay
Justice for civil and criminal litigation, and to cities,
states, the District of Columbia, and U.S. commonwealths
and possessions for use in administering their tax laws.
We may also disclose this information to other countries
under a tax treaty, to federal and state agencies to
enforce federal nontax criminal laws, or to federal law
enforcement and intelligence agencies to combat
terrorism.
The time needed to complete and file Form 941 will
vary depending on individual circumstances. The
estimated average time is:
Recordkeeping . . . . . . . . . . . . . 11 hr.
Learning about the law or the form . . . . 47 min.
Preparing, copying, assembling, and
sending the form to the IRS . . . . . . . . 1 hr.
If you have comments concerning the accuracy of
these time estimates or suggestions for making Form 941
simpler, we would be happy to hear from you. You can
email us at taxforms@irs.gov. Enter “Form 941” on the
subject line. Or write to: Internal Revenue Service, Tax
Products Coordinating Committee, SE:W:CAR:MP:T:M:S,
1111 Constitution Ave. NW, IR-6526, Washington, DC
20224. Do not send Form 941 to this address. Instead,
see Where Should You File? in the Instructions for
Form 941.
©McGraw-Hill Education, 2014
11.18
Exploring QuickBooks with Rock Castle Construction
EXERCISE 11.3 FORM W-3
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.19
PROJECT 11 EMPLOYEE LIST
Employee
Notes
Grey, Meredith
No notes
111-22-3333
87 Grace Lane Bayshore, CA 94326
Parker, Tony
No notes
444-55-6666
92 Spur Ave Bayshore, CA 94326
City
State
Zip
Bayshore
CA
94326
Bayshore
CA
94326
Mr./Ms./...
Main Email
Main Phone
Date of Birth
Alt. Phone
Mobile
Computer Accounting with QuickBooks 2013 by Donna Kay
SS No.
Pager
Fax
Address
PIN (Pager)
©McGraw-Hill Education, 2014
11.20
Exploring QuickBooks with Rock Castle Construction
PROJECT 11 PAYROLL TRANSACTION DETAIL
Date
Num
02/15/2019 504
Type
Paycheck
Source Name
Payroll Item
Wage Base
Amount
Grey, Meredith
Hourly
0.00
400.00
Grey, Meredith
CA - Employment Training Tax
400.00
0.00
Grey, Meredith
CA - Employment Training Tax
400.00
0.00
Grey, Meredith
Federal Withholding
400.00
-80.00
Grey, Meredith
Social Security Company
400.00
24.80
Grey, Meredith
Social Security Company
400.00
-24.80
Grey, Meredith
Social Security Employee
400.00
-24.80
Grey, Meredith
Medicare Company
400.00
5.80
Grey, Meredith
Medicare Company
400.00
-5.80
Grey, Meredith
Medicare Employee
400.00
-5.80
Grey, Meredith
Federal Unemployment
400.00
0.00
Grey, Meredith
Federal Unemployment
400.00
0.00
Grey, Meredith
CA - Withholding
400.00
-20.00
Grey, Meredith
CA - Disability
400.00
0.00
Grey, Meredith
CA - Unemployment
400.00
0.00
Grey, Meredith
CA - Unemployment
400.00
0.00
269.40
02/15/2019 505
Paycheck
Parker, Tony
Hourly
0.00
270.00
Parker, Tony
CA - Employment Training Tax
270.00
0.00
Parker, Tony
CA - Employment Training Tax
270.00
0.00
Parker, Tony
Federal Withholding
270.00
-54.00
Parker, Tony
Social Security Company
270.00
16.74
Parker, Tony
Social Security Company
270.00
-16.74
Parker, Tony
Social Security Employee
270.00
-16.74
Parker, Tony
Medicare Company
270.00
3.92
Parker, Tony
Medicare Company
270.00
-3.92
Parker, Tony
Medicare Employee
270.00
-3.92
Parker, Tony
Federal Unemployment
270.00
0.00
Parker, Tony
Federal Unemployment
270.00
0.00
Parker, Tony
CA - Withholding
270.00
-13.50
Parker, Tony
CA - Disability
270.00
0.00
Parker, Tony
CA - Unemployment
270.00
0.00
Parker, Tony
CA - Unemployment
270.00
0.00
181.84
TOTAL
Computer Accounting with QuickBooks 2013 by Donna Kay
451.24
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.21
QB CASE 11 EMPLOYEE LIST
Employee
Notes
Kolbe, Marcella
No notes
Mr./Ms./...
Address
58 Appleton Drive Bayshore, CA 94326
Main Phone
Alt. Phone
SS No.
343-21-6767
City
Bayshore
State
CA
Zip
Main Email
Date of Birth
Mobile
Pager
Fax
94326
PIN (Pager)
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.22
Exploring QuickBooks with Rock Castle Construction
QB CASE 11 PAYCHECKS
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.23
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.24
Exploring QuickBooks with Rock Castle Construction
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.25
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.26
Exploring QuickBooks with Rock Castle Construction
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.27
QB CASE 11 PAYROLL LIABILITY CHECKS
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
11.28
Exploring QuickBooks with Rock Castle Construction
Computer Accounting with QuickBooks 2013 by Donna Kay
©McGraw-Hill Education, 2014
Chapter 11 Merchandising Corporation: Payroll 11.29
QB CASE 11 941 TAX SUMMARY
941 Summary
Wages, Tips, and other Compensation
Payroll Category
Item Type
Hourly
Hourly salary
Tax Tracking Type
Compensation
Federal Tax Withholding
Federal Withholding
Subject Income
816.00
Taxed Wages
816.00
Social Security & Medicare
Social Security
Medicare
Subject Income
816.00
816.00
Taxed Wages
816.00
816.00
Subject Income
Taxed Wages
Amount
816.00
816.00
Tax
163.20
Tax Rate
0.124
0.029
Total Tax (Calculated)
Advance Earned Income Credit
Tax
101.18
23.66
124.84
288.04
Tax Credit
0.00
Total Tax After AEIC (Calculated)
288.04
COBRA Earned Credit
Tax Credit
0.00
Total Due After COBRA Credit
288.04
Daily Wage Summary
Item
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
Date
3/5/19
3/5/19
3/5/19
3/5/19
3/5/19
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
Subject Income
96.00
96.00
96.00
96.00
96.00
Taxed Wages
96.00
96.00
96.00
96.00
96.00
Tax
19.20
5.95
5.95
1.39
1.39
33.88
3/12/19
3/12/19
3/12/19
3/12/19
3/12/19
240.00
240.00
240.00
240.00
240.00
240.00
240.00
240.00
240.00
240.00
48.00
14.88
14.88
3.48
3.48
84.72
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
3/19/19
3/19/19
3/19/19
3/19/19
3/19/19
256.00
256.00
256.00
256.00
256.00
256.00
256.00
256.00
256.00
256.00
51.20
15.87
15.87
3.71
3.71
90.36
Federal Withholding
Social Security Company
Social Security Employee
Medicare Company
Medicare Employee
3/26/19
3/26/19
3/26/19
3/26/19
3/26/19
224.00
224.00
224.00
224.00
224.00
224.00
224.00
224.00
224.00
224.00
44.80
13.89
13.89
3.25
3.25
79.08
Monthly Total - March
288.04
Total Tax - Actual
288.04
Taxed Wages by Employee
Employee
Kolbe, Marcella
SSec. Wages
816.00
816.00
Computer Accounting with QuickBooks 2013 by Donna Kay
SSec. Tax
101.18
101.18
Medicare Wages
816.00
816.00
Medicare Tax
23.66
23.66
©McGraw-Hill Education, 2014