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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Assume that you are working with a payroll application that produces weekly paychecks, including pay stubs. Listed in the table below are 20 data elements that appear on the paycheck/pay stub. 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:

  • E = employee master data
  • T = time records (these are in machine-readable form and show, for each employee for each day, the time punched in in the morning, out at lunch, in after lunch, and out in the evening)
  • H = table of hourly wage rates (i.e., wage rate “class” and hourly rate for each class)
  • W = table of state and federal income tax withholding amounts plus FICA tax rate and annual “cutoff” amount for FICA wages
  • CG = computer generated (such as a date or time of day supplied by the system)
  • CC = computer calculated
  • CO = console operator (such as batch totals or a date to be used) Arrange your answer as follows:
Item No. Source
1 E
2 ?
etc.

The items to be considered are as follows:

The items to be considered are as follows:

Number Description
1 Social security number
2 Employee name
3 Employee address
4 Employee identification number
5 Pay rate classification
6 Regular hours worked
7 Overtime hours worked
8 Hourly pay rate
9 Regular earnings
10 Overtime earnings
11 Total earnings
12 Deduction for state income tax
13 Deduction for FICA tax
14 Deduction for federal income tax
15 Union dues withheld (flat amount based on length of service)
16 Net pay
17 Check number (same number is also preprinted on each check form)
18 Year-to-date amounts for items 11 through 14
19 Pay period end date
20 Date of check (employees are paid on Wednesday for the week ended the previous Friday)

Summary Introduction

To indicate: The immediate source of each item given.

Introduction:

Acquiring and implementing accounting information systems:

It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.

Explanation

The immediate source of each item given:

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