TAILIEUCHUNG - Lecture College accounting (13/e): Chapter 10 - Price, Haddock, Farina

Chapter 10 - Payroll computations, records, and payment. After reading this chapter, you should be able to: Explain the major federal laws relating to employee earnings and withholding, compute gross earnings of employees, determine employee deductions for social security tax, determine employee deductions for Medicare tax,. | 1- McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Payroll Computations, Records, and Payment Section 1: Payroll Laws and Taxes Chapter 10 Section Objectives Explain the major federal laws relating to employee earnings and withholding. Also referred to as the Wage and Hour Law Applies only to firms engaged directly or indirectly in interstate commerce Sets a minimum hourly rate of pay and maximum hours of work per week to be performed at the regular rate of pay Employees who work beyond 40 hours a week are entitled to “time and a half” times the regular rate of pay for the extra hours. The Fair Labor Standards Act of 1938 Social Security Tax The rate ( percent) has remained constant in recent years. The earnings base has increased each year. The tax provides for retirement, disability, and death benefits. It also provides survivor benefits for the worker’s minor dependent children and spouse if the worker dies. The amount of social .

• Kế toán - Kiểm toán
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Payroll computations
• Payroll laws
• Job order cost accounting
• Accounting for sales
• Accounts receivable
• Accounting for purchases
• Accounts payable
• Closing procedures
• Accounting cycle
• Accounting principles
• Reporting standards
• Accounting for partnerships
• Allocating income
• Process cost accounting
• Process inventory
• Language of business
• Financial information
• Analyzing business transactions
• Financial interest
• T accounts
• General ledger
• General journal
• The worksheet
• Trial balance
• Closing entries
• Postclosing trial balance
• Cash receipts
• Cash payments
• Payroll taxes
• Employee income tax
• Recording adjustments
• Uncollectible accounts
• Notes payable
• Notes receivable
• Merchandise inventory
• Inventory costing methods
• Disposition of assets
• Depreciation methods
• Capital stock transactions
• Capital stock
• Corporate earnings
• Capital transactions