Accounting and Finance Foundations

Unit 8

Accounting and Finance Foundations Unit 8: Payroll 664

Payroll

Based on the information provided, complete Anita’s paycheck stub below.

Pay: Weekly Union Number: 99999

1234 Maki ng Mone y Bl vd Pay Beginning Date: Check Number: 70001

St. Paul , MN 55555 Pay Ending Date: Check Date:

Anita Job Employee Number: 568 Tax Data Federal State

127 Sparkle Ave nue Department: Logistics Marital Status Single Single

St. Paul, MN 55555 Job Title: Allowances (exemptions)

Hourly Rate: Additional Amount WH 0 0

Overtime Rate:

Description Rate Hours Earnings Hours Earnings Description Current Year-to-Date

Regular Time Worked Uni on 9999 Me mbe r

Overtime Worked

Vacation Hours Taken 10.00

Sick Hours Taken 10.00

Holiday 10.00 0.00 0.00 0.00 0.00

Totals:

Description Current Year-to-dateDescription Current Year-to-date Description Current Year-to-date

Health Savings Account Federal Withholding Employer's Contribution:

(before-tax) Social Security Medical Insurance

Description Current Year-to-dateMe di care Life Insurance

Medical Insurance MN State Withholding Social Security

St. Paul Local Withholding Me di care

School District Withholding

Paycheck Summary Gross Earnings Total Taxes Total Deductions Net Pay

Current

Year-to-date

Annual Leave Sick Leave Check Number 70001

Start Balance 0.00 Start Balance 0.00 Total Electronic Deposit

+Earned +Earned to JP Morgan Chase

-Taken -Taken Bank ending 2222

Ending Balance Ending Balance Total Deposit

ABC Company

Current Year-to-Date

Federal Taxable Gross

Chapter 19

19.4.1

Student Assignment

Examining Paystubs (cont’d)