Payroll accounting 2017 + cengage learning's online general ledger, 2-term access

Cover......Page 1
As We Go to Press......Page 4
Preface......Page 5
Acknowledgments......Page 14
About the Authors......Page 16
Contents......Page 17
Chapter 1: The Need for Payroll and Personnel Records......Page 20
 The Payroll Profession......Page 21
 Federal Insurance Contributions Act......Page 22
 Fair Employment Laws......Page 23
 Other Federal Laws Affecting the Need for Payroll and Personnel Records......Page 26
 Human Resources and Payroll Accounting Systems......Page 31
 Human Resources System......Page 32
 Payroll Accounting System......Page 39
 Questions and Problems......Page 44
 The Fair Labor Standards Act......Page 46
 Determining Employee’s Work Time......Page 59
 Records Used for Timekeeping......Page 63
 Methods of Computing Wages and Salaries......Page 65
 Questions and Problems......Page 76
 Coverage Under FICA......Page 96
 A Self-Employed Person......Page 107
 Employee’s Application for Social Security Card (Form SS-5)......Page 109
 Returns Required for Social Security Purposes......Page 111
 Preparing Form 941 (Employer’s Quarterly Federal Tax Return)......Page 116
 Failure-to-Comply Penalties......Page 122
 Questions and Problems......Page 127
 Coverage Under Federal Income Tax Withholding Laws......Page 168
 Tax-Deferred Retirement Accounts......Page 175
 Withholding Allowances......Page 176
 Federal Income Tax Withholding......Page 182
 Other Methods of Withholding......Page 184
 Supplemental Wage Payments......Page 185
 Wage and Tax Statements......Page 188
 Returns Employers Must Complete......Page 194
 Independent Contractor Payments......Page 195
 Backup Withholding......Page 196
 Withholding State Income Tax......Page 197
 Questions and Problems......Page 203
Chapter 5: Unemployment Compensation Taxes......Page 236
 Coverage Under FUTA and SUTA......Page 237
 Unemployment Compensation Taxes and Credits......Page 243
 Unemployment Compensation Reports Required of the Employer......Page 253
 Questions and Problems......Page 265
 The Payroll Register......Page 294
 The Employee’s Earnings Record......Page 297
 Recording the Gross Payroll and Withholdings......Page 299
 Methods of Paying Wages and Salaries......Page 305
 Recording Payroll Taxes......Page 309
 Recording Workers’ Compensation Insurance Expense......Page 313
 Recording the Deposit or Payment of Payroll Taxes......Page 314
 Recording End-of-Period Adjustments......Page 315
 Summary of Accounts Used in Recording Payroll Transactions......Page 316
 Illustrative Case......Page 317
 Questions and Problems......Page 326
Chapter 7: Payroll Project......Page 378
 Books of Account and Payroll Records......Page 379
 General Information......Page 380
 Start of Payroll Project......Page 383
 Start of Short Version of Payroll Project (Continuation of Payroll Project)......Page 393
 Questions on the Payroll Project......Page 399
 Payroll Project......Page 446
 Payroll Project (Short Version)......Page 465
 Optional Activities......Page 477
 Student Project Audit Test......Page 480
Tax Table A: Tables for Percentage Method of Income Tax Withholding......Page 490
Tax Table B: Wage Bracket Method Tables for Income Tax Withholding......Page 494
Check Figures......Page 504
Glossary......Page 505
Index......Page 508