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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1LESSON 12-1
Preparing Payroll Time Cards
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
ANALYZING A PAYROLL TIME CARDANALYZING A PAYROLL TIME CARD page 341
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4. Add the Hours column.
CALCULATING EMPLOYEE HOURS CALCULATING EMPLOYEE HOURS WORKEDWORKED page 342
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3. Add Hours Reg and Hours OT columns and enter the totals.
2. Calculate the number of overtime hours and enter the amounts.
1. Calculate the number of regular hours for each day and enter the amounts.
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
CALCULATING EMPLOYEE TOTAL CALCULATING EMPLOYEE TOTAL EARNINGSEARNINGS page 343
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1. Enter the rate for regular time in the Rate column.
2. Calculate the regular earnings. Enter the amount.
3. Enter the rate for overtime.
4. Calculate the overtime earnings. Enter the amount.
5. Add the Amount column to calculate total earnings. Enter the amount of total earnings.
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
salary pay period payroll total earnings
page 344
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-2LESSON 12-2
Determining Payroll Tax Withholding
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EMPLOYEE’S WITHHOLDING EMPLOYEE’S WITHHOLDING ALLOWANCE CERTIFICATEALLOWANCE CERTIFICATE
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page 346
1. Write the employee’s name and address2. Write the employee’s social security number.3. Check the appropriate marital status block.4. Write the total number of withholding allowances claimed.5. The employee signs and dates the form.
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EMPLOYEE’S INCOME TAX EMPLOYEE’S INCOME TAX WITHHOLDING – MARRIED PERSONSWITHHOLDING – MARRIED PERSONS page 348
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1. Select the appropriate table.
2. Locate the employee’s total earnings.
3. Intersection of wages and number of allowances column.
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
payroll taxes withholding allowance social security tax Medicare tax tax base
page 350
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-3LESSON 12-3
Preparing Payroll Records
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PAYROLL REGISTERPAYROLL REGISTER
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page 351
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8. Health insurance premium deductions2. Payment date
3. Employee personal data9. Other employee payroll deductions
4. Earnings10. Total deductions
5. Federal income tax withheld11. Net pay
6. Social security tax withheld12. Total, prove, and rule
7. Medicare tax withheld13. Check number
1. Pay period date
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EMPLOYEE EARNINGS RECORDSEMPLOYEE EARNINGS RECORDS page 353
7. Total and prove
5. Earnings, deductions, net pay
2. Employee personal data
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1. Last day of quarter
4. Pay period
3. Beginning accumulated earnings
6. Updated accumulated earnings
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
TERMS REVIEWTERMS REVIEW
payroll register net pay employee earnings record
page 355
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-4LESSON 12-4
Preparing Payroll Checks
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
PAYROLL BANK ACCOUNTPAYROLL BANK ACCOUNT
1. Prepare the check stub.
page 356
2. Prepare the check.
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LESSON 12-1CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
EMPLOYEE’S PAYROLL CHECKEMPLOYEE’S PAYROLL CHECK page 357
1. Prepare the check stub of each employee’s payroll check.
2. Prepare each employee’s payroll check.
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