The Need for Payroll and Personnel Records p. 2
The Payroll Profession p. 4
Fair Labor Standards Act p. 5
State Minimum Wage and Maximum Hours Laws p. 5
Federal Insurance Contributions Act (FICA) p. 7
Income Tax Withholding Laws p. 7
Unemployment Tax Acts p. 8
Fair Employment Laws p. 8
Other Federal Laws Affecting the Need for Payroll and Personnel Records p. 10
Other State Laws Affecting the Need for Payroll and Personnel Records p. 13
Human Resources and Payroll Accounting Systems p. 14
Human Resources System p. 14
Payroll Accounting System p. 19
Key Terms p. 23
Matching Quiz p. 23
Questions for Review p. 24
Questions for Discussion p. 24
Case Problem p. 24
Net Activities p. 25
Computing and Paying Wages and Salaries p. 2
The Fair Labor Standards Act p. 4
Determining Employee's Work Time p. 13
Records Used for Timekeeping p. 16
Methods of Computing Wages and Salaries p. 20
Methods of Paying Wages and Salaries p. 27
Key Terms p. 30
Matching Quiz p. 30
Questions for Review p. 30
Questions for Discussion p. 31
Practical Problems p. 32
Continuing Payroll Problem p. 39
Case Problem p. 40
Net Activities p. 40
Social Security Taxes p. 2
Coverage Under FICA p. 4
A Self-Employed Person p. 13
Application for Employer Identification Number (Form SS-4) p. 14
Employee's Application for Social Security Card (Form SS-5) p. 16
Preparing Form 941 (Employer's Quarterly Federal Tax Return) p. 23
Failure-to-Comply Penalties p. 28
Key Terms p. 31
Matching Quiz p. 31
Questions for Review p. 32
Questions for Discussion p. 32
Practical Problems p. 33
Continuing Payroll Problem p. 44
Case Problems p. 44
Net Activities p. 48
Income Tax Withholding p. 2
Coverage Under Federal Income Tax Withholding Laws p. 4
Withholding Allowances p. 9
Federal Income Tax Withholding p. 13
Other Methods of Withholding p. 16
Supplemental Wage Payments p. 16
Advance Earned Income Credit p. 19
Tax-Deferred Retirement Accounts p. 22
Wage and Tax Statements p. 23
Returns Employers Must Complete p. 28
Information Returns p. 29
Independent Contractor Payments p. 29
Backup Withholding p. 30
Magnetic Filing Form W-2 and Information Returns p. 30
Withholding State Income Tax p. 31
Key Terms p. 34
Matching Quiz p. 34
Questions for Review p. 35
Questions for Discussion p. 35
Practical Problems p. 37
Continuing Payroll Problem p. 51
Case Problems p. 51
Net Activities p. 52
Unemployment Compensation Taxes p. 2
Coverage Under FUTA and SUTA p. 4
Unemployment Compensation Taxes and Credits p. 10
Unemployment Compensation Reports Required of the Employer p. 19
Unemployment Compensation Benefits p. 28
Key Terms p. 31
Matching Quiz p. 31
Questions for Review p. 31
Questions for Discussion p. 32
Practical Problems p. 33
Continuing Payroll Problem p. 46
Case Problem p. 46
Net Activities p. 46
Analyzing and Journalizing Payroll Transactions p. 2
The Payroll Register p. 4
The Employee's Earnings Record p. 6
Recording the Gross Payroll and Withholdings p. 8
Recording Payroll Taxes p. 10
Recording Workers' Compensation Insurance Expense p. 14
Recording the Deposit or Payment of Payroll Taxes p. 15
Recording End-of-Period Adjustments p. 16
Recording Transactions Pertaining to Other Payroll Deductions p. 17
Summary of Accounts Used in Recording Payroll Transactions p. 20
Illustrative Case p. 21
Key Terms p. 28
Matching Quiz p. 28
Questions for Review p. 29
Questions for Discussion p. 29
Practical Problems p. 30
Continuing Payroll Problem p. 52
Case Problem p. 53
Net Activities p. 53
Payroll Project p. 2
Books of Account and Payroll Records p. 4
General Information p. 5
Narrative of Payroll Transactions p. 9
Questions on the Payroll Project p. 23
Employees' Earnings Records p. 43
Computerized Payroll Accounting p. 1
Introduction p. 2
Software Program Overview p. 2
Start-Up Procedures p. 3
Basic Operating Procedures p. 4
File Menu p. 11
Options Menu p. 12
Employee Maintenance p. 14
Payroll Transactions p. 16
Generate and Post Payroll Journal Entries p. 18
Key General Journal Entries p. 19
Reports Menu p. 22
Graphs p. 24
Help Menu p. 25
Payroll Project p. 25
Optional Activities p. 40
Student Project Audit Test p. 43
Excel Template Instructions for the Glo-Brite Payroll Project p. 1
Getting to Know Excel p. 1
Social Security Benefits p. 1
What Factors Are Used to Determine Social Security Benefits? p. 2
What Benefits Are Provided by Social Security? p. 3
What Are Reduced Benefits? p. 5
How Does Working After Retirement Affect Social Security Benefits? p. 6
How Do You Apply for Social Security Benefits? p. 6
What Is Medicare? p. 7
Key Terms p. 8
Tables for Percentage Method of Withholding p. 1
Wage-Bracket Withholding Tables p. 5
Answers to Self-Study Quizzes p. 1
Glossary p. 1
Index p. 1