PAYROLL ACCOUNTING 2019
19th Edition
ISBN: 9780357323304
Author: BIEG
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 1MQ
To determine
Match the terms with the appropriate definition.
Expert Solution & Answer
Explanation of Solution
Match the terms with the appropriate definition.
| S.No | Terms | Definition |
| 1 | Employee’s earnings record | B. Record used in preparing employee’s W-2. |
| 2 | Payroll register | D. Multicolumn form used to summarize data needed each pay date. |
| 3 | Executive orders | F. Antidiscrimination orders for employers with contracts involving federal funds. |
| 4 | Fair Labor Standards Act | A. Also known as the Federal Wage and Hour Law |
| 5 | Immigration Reform and Control Act | H. Form I-9 to be completed by all new employees. |
| 6 | I. Levied by both federal and state governments. | |
| 7 | Vesting | J. Conveys to employees the right to share in a retirement fund |
| 8 | Workers’ compensation insurance | C. Protection against losses due to work-related injuries. |
| 9 | Family and Medical Leave Act | E. Highest-paid 10 percent of workforce can be exempted. |
| 10 | Affordable Care Act | G. Applicable large employers (ALE). |
Table (1)
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Describe the types of application control used for the following data in a payroll system.a. Employee nameb. Employee numberc. Social Security numberd. Rate per hour or salarye. Marital statusf. Number of dependentsg. Cost centerh. Regular hours workedi. Overtime hours workedj. Total employees this payroll period
TRUE OR FALSE
1. In ideal circumstances, each payroll check is delivered personally to the employee who signs a receipt for it.
2. The amount of income taxes withheld from employee gross pay is an expense to the employer.
3. The amount debited to the Work in Process account represents the amount of direct labor (at regular rate) charged to the different jobs in process.
Payroll accounting, has to do with "piece-rate employee overtime":
The problem is attached. My question is how is "gross earnings" of $1021.01 derived?
Chapter 1 Solutions
PAYROLL ACCOUNTING 2019
Ch. 1 - Prob. 1MQCh. 1 - Prob. 1QRCh. 1 - Prob. 2QRCh. 1 - Prob. 3QRCh. 1 - Prob. 4QRCh. 1 - Prob. 5QRCh. 1 - Prob. 6QRCh. 1 - Prob. 7QRCh. 1 - Prob. 8QRCh. 1 - Prob. 9QR
Ch. 1 - Prob. 10QRCh. 1 - Prob. 11QRCh. 1 - Prob. 12QRCh. 1 - Prob. 13QRCh. 1 - Prob. 14QRCh. 1 - Prob. 15QRCh. 1 - Prob. 16QRCh. 1 - Prob. 17QRCh. 1 - Prob. 18QRCh. 1 - Prob. 19QRCh. 1 - Prob. 20QRCh. 1 - Prob. 1QDCh. 1 - Prob. 2QDCh. 1 - In staffing their offices, some firms encourage...Ch. 1 - The main office of a large bank has an annual...Ch. 1 - Prob. 5QDCh. 1 - Prob. 1CP
Knowledge Booster
Similar questions
- The following form is used by Matsuto Manufacturing Co. to compute payroll taxes incurred during April: Required: 1. Using the above form, calculate the employers payroll taxes for April. Assume that none of the employees has achieved the maximums for FICA and unemployment taxes. 2. Assuming that the employer payroll taxes on factory wages are treated as factory overhead, the taxes covering administrative salaries are an administrative expense, and the taxes covering sales salaries are a selling expense, prepare a general journal entry to record the employer's liability for the April payroll taxes.arrow_forwardWhat are examples of involuntary deductions employers are required to collect for employee and employer payroll liabilities?arrow_forwardINPUT VALIDATIONDescribe the types of input edits used for the following data in a payrollsystem. a. Employee nameb. Employee numberc. Social security number d. Rate per hour or salarye. Marital statusf. Number of dependents g. Cost centerh. Regular hours workedi. Overtime hours workedarrow_forward
- Section 5-EMPLOYEE DATA: FORM W-4 AND STATE WITHHOLDING 0ALLOWANCE CERTIFICATES How long does a new employee have to submit a completed W-4? How must the employer withhold FIT until the W-4 is received from a new employee? On March 2, 2020, Mischa submits a new W-4. If payday is Friday, what is the date of the first paycheck that must reflect Mischa’s new W-4? On March 23,2020, Paul submits a new W-4. If Paul is paid the last weekday of each month, what is the date of the first paycheck that must reflect Paul’s new W-4? On October 2, 2020, Janet starts a part-time job. She did not owe federal income tax in 2019 and does not expect to earn enough to pay federal income tax for 2020, so she claims exempt from federal income tax withholding on her 2020 Form W-4. Does Janet need to submit a W-4 in 2021? If so, by when—and how does her employer withhold if she does not do this?arrow_forwardWynne and Associates has employees with pay schedules that vary based on job classification. Use Figure 5.4.Required:Compute the Federal income tax withholding for each employee using the percentage method in Appendix C. Assume that no pre-tax deductions exist for any employee. (Round your intermediate calculations and final answers to 2 decimal places.)arrow_forwardThe needs of management and the requirements of various federal and state laws make it necessary for employers to keep records that will provide all of the following information for each employee EXCEPT a.name, address, and Social Security number. b.gross amount of earnings accumulated since the first of the year. c.number of hours the employee works as a volunteer for the community. d.gross amount of earnings, date of payment, and period of employment covered by each payroll.arrow_forward
- Which of the following is NOT included in the payroll register? Select one: Assignment of the employee Total hours Overtime earnings Taxable earningsarrow_forwardAssume that you are working with a payroll application that produces weekly paychecks, including paystubs. Listed below are 20 data elements that would appear on the paycheck/paystub. For each numbered item, indicate the immediate (versus ultimate) source of the item. For instance, the immediate source of the number of exemptions for an employee would be the employee master data, as opposed to the ultimate source, which is the W-4 form filed by the employee. Some items may have more than one source, as in the case of item 1. You have the following choices: Arrange your answer as follows: The items to be considered are as follows:arrow_forwardThis problem continues the process of preparing the Kipley Company's Employee Payroll Register for the pay period ending January 8th, 20--. In previous chapters, gross wages were computed for each employee and using this data, FICA withholding and employer FICA liability was computed. Requirements: Refer to the SIMPLE Plan Contributions and enter each employee's SIMPLE plan deduction. Determine and record the federal income taxes for each employee. Determine and record the state income taxes for each employee. Determine and record the city income taxes for the city of Pittsburgh. Total each input column. Below lists each employee's assigned Time Card No., Filing Status, and Withholding Allowances. This information is necessary when determining the amount of tax to withhold. TimeCard No. EmployeeName FilingStatus No. ofWithholdingAllowances 11 Fran M. Carson S N/A 12 William A. Wilson S N/A 13 Harry T. Utley MFJ N/A 21 Lawrence R. Fife MFJ N/A 22 Lucy K. Smith S N/A…arrow_forward
- The term "exempt" refers to employees who fall under the purview of the minimum wage and overtime provisions of the Fair Labor Standards Act. Select one: True False Please do fast ASAP fast pleasearrow_forwardWhen an entity has more than one class of employee, it is important to evaluate the reasonableness of payroll based on employee class. Which of the following procedures is commonly used to test this? -Calculate revenue per employee --Calculate total payroll costs as a percent of revenue --Comparing payroll expenses with prior year balances or budgets --Calculate average payroll cost per employee classificationarrow_forwardHello, can you help me with this question? Amount to BeWithheld Employee FilingStatus No. of WithholdingAllowances Gross Wageor Salary PercentageMethod Wage-BracketMethod Lennon, A. MFJ N/A $675 weekly $fill in the blank 1 $fill in the blank 2 Starr, P. MFJ N/A 1,929 weekly fill in the blank 3 fill in the blank 4 McNeil, S. S N/A 1,775 biweekly fill in the blank 5 fill in the blank 6 Harrison, W. HH N/A 2,580 semimonthly fill in the blank 7 fill in the blank 8 Smythe, M. HH N/A 5,380 monthly fill in the blank 9 fill in the blank 10arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Cost AccountingAccountingISBN:9781305087408Author:Edward J. Vanderbeck, Maria R. MitchellPublisher:Cengage Learning
Pkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE LCentury 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Principles of Cost Accounting
Accounting
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Cengage Learning
Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:CENGAGE L
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:9781337679503
Author:Gilbertson
Publisher:Cengage
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,