TAILIEUCHUNG - Lecture Accounting: Tools for business decision making (5th edition): Appendices F - Kimmel, Weygandt, Kieso

Appendices F - Payroll accounting. After studying this chapter, you should be able to: Record the payroll for a pay period, record employer payroll taxes, discuss the objectives of internal control for payroll. | F PAYROLL ACCOUNTING Accounting, Fifth Edition After studying this chapter, you should be able to: Compute and record the payroll for a pay period. Describe and record employer payroll taxes. Discuss the objectives of internal control for payroll. Learning Objectives “Payroll” pertains to both: Salaries - managerial, administrative, and sales personnel (monthly or yearly rate). Wages - store clerks, factory employees, and manual laborers (rate per hour). Determining the payroll involves computing three amounts: (1) gross earnings, (2) payroll deductions, and (3) net pay Accounting for Payroll LO 1 Compute and record the payroll for a pay period. Total compensation earned by an employee (wages or salaries, plus any bonuses and commissions). LO 1 Compute and record the payroll for a pay period. Illustration F-1 Determining the Payroll Gross Earnings Mandatory: FICA tax Federal income tax State and City income tax Payroll Deductions LO 1 Compute and record the payroll for a pay period. Voluntary: Charity Insurance and Pensions Determining the Payroll Other: Union dues Payroll Deductions LO 1 Compute and record the payroll for a pay period. Social Security taxes Supplemental retirement, employment disability, and medical benefits. In 2012, the rate was ( Social Security plus Medicare) on the first $110,100 of gross earnings for each employee. Determining the Payroll Mandatory: FICA tax Federal income tax State and City income tax Payroll Deductions LO 1 Compute and record the payroll for a pay period. Employers are required to withhold income taxes from employees pay. Withholding amounts are based on gross earnings, number of allowances claimed, and length of pay period. Determining the Payroll Mandatory: FICA tax Federal income tax State and City income tax Employee must complete an Employee’s Withholding Allowance Certificate (Form W-4). LO 1 Compute and record the payroll for a pay period. Illustration F-5 Determining the Payroll Payroll Deductions

• Kế toán - Kiểm toán
• Payroll accounting
• Pay period
• Payroll taxes
• Financial Statements
• Making business decision
• Business decision tool
• Lecture Accounting
• Payroll Procedures
• Payroll Deductions
• Payments to Employees
• Unemployment Insurance
• Outsourcing Payroll
• Payroll Department
• Current liabilities
• Estimated liabilities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Lecture Accounting principles
• Nguyên lý kế toán
• Contingent liability
• College accounting
• Lecture College accounting
• Financial statement
• Cost accounting
• Payroll computations
• Payroll laws
• Managerial accounting
• Financial and managerial accounting
• Internal control
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Human resources management
• Payroll cycle
• Accounting information systems
• Lecture Accounting information systems
• Hệ thống thông tin kế toán
• Human resource management process
• Accounting information systems
• Lecture Accounting information systems
• Validation threats
• Accounting Information
• Reporting Systems
• Accounting information system
• AIS super system
• Human resource management
• Lecture International accounting
• International accounting
• Liabilities and payrol
• Current liabilities of known amount
• Accounting for payroll
• Inventory costing
• Inventory costs
• Inventory errors
• Current liability
• Describe the accounting
• Accounting system
• Analyzing current liabilities
• Classifying liabilities
• Payroll liabilities
• Employee income tax
• The financial statement presentation
• Notes payable
• Sales taxes payable