Payroll Accounting 2005

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  • Edition: 1st
  • Format: Paperback
  • Copyright: 2004-11-05
  • Publisher: South-Western College Pub
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This market-leading Payroll Accounting text/workbook illustrates the calculation of payroll, payroll taxes, and the preparation of records and reports that form the foundation of a payroll system.

Table of Contents

The Need for Payroll and Personnel Recordsp. 2
The Payroll Professionp. 4
Fair Labor Standards Actp. 5
State Minimum Wage and Maximum Hours Lawsp. 5
Federal Insurance Contributions Actp. 7
Income Tax Withholding Lawsp. 7
Unemployment Tax Actsp. 7
Fair Employment Lawsp. 8
Other Federal Laws Affecting the Need for Payroll and Personnel Recordsp. 10
Other State Laws Affecting the Need for Payroll and Personnel Recordsp. 12
Human Resources and Payroll Accounting Systemsp. 13
Human Resources Systemp. 13
Payroll Accounting Systemp. 19
Outsourcing Payrollp. 21
Questions and Problemsp. 22
Computing and Paying Wages and Salariesp. 2
The Fair Labor Standards Actp. 4
Determining Employee's Work Timep. 13
Records Used for Timekeepingp. 16
Methods of Computing Wages and Salariesp. 21
Questions and Problemsp. 29
Social Security Taxesp. 2
Coverage Under FICAp. 4
A Self-Employed Personp. 13
Application for Employer Identification Number (Form SS-4)p. 14
Employee's Application for Social Security Card (Form SS-5)p. 16
Returns Required for Social Security Purposesp. 16
Preparing Form 941 (Employer's Quarterly Federal Tax Return)p. 24
Failure-to-Comply Penaltiesp. 28
Questions and Problemsp. 31
Income Tax Withholdingp. 2
Coverage Under Federal Income Tax Withholding Lawsp. 4
Withholding Allowancesp. 9
Federal Income Tax Withholdingp. 14
Other Methods of Withholdingp. 16
Supplemental Wage Paymentsp. 17
Advance Earned Income Creditp. 19
Tax-Deferred Retirement Accountsp. 22
Wage and Tax Statementsp. 24
Returns Employers Must Completep. 30
Information Returnsp. 30
Independent Contractor Paymentsp. 31
Backup Withholdingp. 31
Electronic Filing Form W-2 and Information Returnsp. 32
Withholding State Income Taxp. 32
Questions and Problemsp. 35
Unemployment Compensation Taxesp. 2
Coverage Under FUTA and SUTAp. 4
Unemployment Compensation Taxes and Creditsp. 10
Unemployment Compensation Reports Required of the Employerp. 19
Unemployment Compensation Benefitsp. 28
Questions and Problemsp. 31
Analyzing and Journalizing Payroll Transactionsp. 2
The Payroll Registerp. 4
The Employee's Earnings Recordp. 6
Recording the Gross Payroll and Withholdingsp. 8
Methods of Paying Wages and Salariesp. 13
Recording Payroll Taxesp. 16
Recording Workers' Compensation Insurance Expensep. 20
Recording the Deposit or Payment of Payroll Taxesp. 21
Recording End-of-Period Adjustmentsp. 22
Summary of Accounts Used in Recording Payroll Transactionsp. 23
Illustrative Casep. 24
Questions and Problemsp. 31
Payroll Projectp. 2
Books of Account and Payroll Recordsp. 4
General Informationp. 5
Narrative of Payroll Transactionsp. 9
Questions on the Payroll Projectp. 23
Employees' Earnings Recordsp. 43
Computerized Payroll Accountingp. 1
Introductionp. 2
Software Program Overviewp. 2
Start-Up Proceduresp. 3
Basic Operating Proceduresp. 4
File Menup. 11
Options Menup. 12
Employee Maintenancep. 14
Payroll Transactionsp. 16
Generate and Post Payroll Journal Entriesp. 18
Generating the Current Payroll Journal Entriesp. 18
Key General Journal Entriesp. 19
Reports Menup. 22
Graphsp. 24
Help Menup. 25
Payroll Projectp. 25
Optional Activitiesp. 40
Student Project Audit Testp. 43
Excel Template Instructions for the Glo-Brite Payroll Projectp. 1
Getting to Know Excelp. 1
Social Security Benefitsp. 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. 7
What Is Medicare?p. 8
Tables for Percentage Method of Withholdingp. 1
Wage-Bracket Withholding Tablesp. 5
Answers to Self-Study Quizzesp. 1
Check Figuresp. 1
Glossaryp. 1
Indexp. 1
Table of Contents provided by Rittenhouse. All Rights Reserved.

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