09B IM WP H-1 Accrued PR Taxes - Prn

09B IM WP H-1 Accrued PR Taxes - Prn - Wages Taxed...

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2. Completed Working Papers H-1 through H-3 Apple Blossom Cologne Company H-1 Accrued Payroll Taxes 1-27-04 12-31-03 JWP (Prepared by client) ========================================================================================= Balance Pay- Balance 12-31-02 Additions ments 12-31-03 ========================================================================================= F.I.C.A. Tax 43,879 z 184,654 * 194,960 t 33,573 Medicare 10,553 z 46,940 * 48,958 t 8,535 State Unemployment 3,992 z 10,108 * 14,100 t -0- Federal Unemployment 840 z 2,128 * 2,968 t -0- Withholding Tax 54,582 z 242,796 * 253,233 t 44,145 Balance per client 113,846 486,626 514,219 86,253 ^ ^ ^ ^^ Audit adjustments: (TB-BS) (AJE #18) (H-2) 42,992 Balance per audit 129,245 State Fed. *Payroll Tax Computation F.I.C.A. Medicare Unemp Unemp Total wages 2003per client 1,618,643 B 1,618,643 1,618,643 1,618,643 Less Wages over FICA Max. $76,200 129,500 Less Wages over Unemp. Max. $7,000 1,352,643 1,352,643
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Unformatted text preview: Wages Taxed 1,489,143 1,618,643 266,000 266,000 X Tax Rate 6.2% 1.45% 3.8% 0.8% Employer Expense 92,327 23,470 10,108 2,128 Employee 92,327 23,470 Totals per client 184,654 46,940 10,108 2,128 Total wage expense: Total employer payroll tax expense: Expense per client 1,618,643 FICA 92,327 (TB-IS) Medicare 23,470 (AJE #18) (H-2) 123,192 State Unemployment 10,108 Balance per audit 1,741,835 Federal Unemployment 2,128 Payroll tax per client 128,033 Audit adjustments (TB-IS) ^ Footed (AJE #18) (H-2) 15,091 ^^ Footed and crossfooted Balance per audit 143,124 z Agreed to prior years working papers. * Agrees to total withheld per payroll records. t Traced to cash disbursements journal, examined paid vouchers and vouched amounts to employer copies of quarterly 941 forms, form 940, and state unemployment tax return. B Traced to trial balance...
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