The 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

Q: The payroll register includes sections for​ recording:

A:

Q: Explain The various employee benefits in an organization: 1-Social Security : 2-Workers'…

A: The payments which is made by employers to its employees that are beyond the wages paid. Typically,…

Q: Government agency gives a CPA certificate to an accountant after he passes a series of rigorous…

A: It is the PRC (Professional Regulatory Commission) Government agency that gives a CPA certificate to…

Q: Performs an analysis of the rules and laws that regulate mandatory discounts and payments that…

A: Payroll Rules: According to the FLSA, people who are subject to its provisions must maintain…

Q: If an employee has paid $34.21 in employment insurance, what is the amount payable on a journal…

A: Employment insurance refers to the benefits that are given to the workers in an organization who…

Q: The difference between the federal minimum wage and the tipped wage involves: Muitiple Choice An…

A: Federal government set required minimum wages for the worker who receives the tips on a regular…

Q: How much in wages did the company actually pay to its employees during Year 2? Show your work.

A: Wage actual paid is the wage expenses adjusted to the outstanding amount at the beginning and ending…

Q: To match revenues and expenses properly, should the expense for employee vacation pay be recorded in…

A:

Q: begin accessing money from their 403b

A: Section 403b is a retirement plan that also called ( tax sheltered annuity plans ) or TSA. This plan…

Q: Referring to relevant statutory provisions and common law, discuss whether, for the current income…

A: Assessable income refers to all of the taxable income which is earned every period and it involves…

Q: , is best defined as An asset account An account showing the benefits to be paid to the employee An…

A: Benefits payable refer to the additional perks that are paid to employees, in addition to their…

Q: What is included in the journal entry to record the employer amount of the payroll? Assume gross…

A: Solution- Payroll journal entries are used to record the compensation paid to employees. These…

Q: Should employee vacation pay be recorded in the period during which the vacation privilege is earned…

A: Vacation is the period provided to the employee by the company. And the associated privileges are…

Q: The deparment that should pay the payroll is the: a. payroll deparment b. human resources…

A: Each business organization categorized their operations into different departments for example…

Q: Required information Problem 8-2B Record notes payable and notes receivable (LO8-2) [The following…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: A. Find the employer's FICA deductions for each of the following employ B. Find the amounts of the…

A: This question is based on the real time interest rate for social security, Medicare and FUTA. Total…

Q: prepare the journal entry to record the employers payroll expenses for the week ended july 15 of the…

A: Workings: The nature of account is expense. so all expenses to be debited.

Q: Which of the following type of information is not provided on a payroll register? a.regular rate of…

A: Payroll register: Payroll register is a form that is used by an employer to gather information on…

Q: Describe the types of application control used for the following data in a payroll system.a.…

A: Payroll system:

Q: Which one of these lists contain ALL items that are used when computing net employment income…

A: According to the Net Taxable Income, these steps needed to be followed: 1) Find Gross Annual Income…

Q: A record of employment must be issued when an employee with a regular work schedule is expecled to…

A: In the Given case scenario,  This statement is false: A record of employment must be issued when an…

Q: Payroll Accounting 2020 by Landin Question: Ginger Klein is the payroll clerk for Neolane…

A: Following are the factors which are considered by G’s:

Q: Required: a) Fill up the payroll sheets provided for the month of March for the current year using…

A: Payroll taxes: Payroll taxes can be defined as the amount of tax collected from the employer and…

Q: A positive-balance employer has: a.  an employee development program that promotes work-life…

A: Answer: Option b

Q: Swenson Company has the following payroll procedures.Identify the payroll function to which each…

A: Payroll function format is not proper, Answer is posted with some understanding.

Q: Question 9: In a journal entry for employee payroll, what type of account is credited to record each…

A: Journal entries indicating the method of recording the business transactions in standard for of…

Q: Family Business Topic: Compensation/Discrimination Characters: Jane, Manager, Payroll Department for…

A: Recommendations: 1.Jаnе cаn ignоrе thе рrоblеm аnd sау nоthing. 2. Jane could speak privately with…

Q: What information is necessary to record payroll transactions? Which account is used to record an…

A: A payroll is set of information which entails the various monetary benefits that employees draw from…

Q: (1) An employer must file an information return under all of the following conditions except: a.to…

A: Information return is generally used to report several types of information that needs to be…

Q: What is the source of data used to:  a. Record the distribution of the payroll. b. Record the…

A: Payroll accounting is the recording of all payroll transactions in your books. It helps you to keep…

Q: credit reports

A: A credit report is a report that contains detailed information about the individual's credit…

Q: has to be more than 200 words Is it morally acceptable for an employer to inspect the outgoing or…

A: Given: Must be above 200 words Is it ethically appropriate for an employer to monitor employee…

Q: For each of the following records, indicate the appropriate related file structure: master file,…

A: Master file: The master file provides a permanent record of items and entries. For example, Customer…

Q: 1. Assuming that net pay was directly deposited into the employee's bank accounts, prepare the…

A: Journal entry is made at the time when a business transaction or any other accruals has been…

Q: 1. Which of the following provides insurance against on-the-job accidents, even when the insured…

A: Falls, slips, and trips, as well as repetitive motion injuries such as carpal tunnel syndrome, are…

Q: new W-4. If Paul is paid the last weekday of each month, what is the date of the first paycheck that…

A: 1. W-4 should be completed by the first day of work, the employer is required to withhold federal…

Q: INPUT VALIDATIONDescribe the types of input edits used for the following data in a payrollsystem. a.…

A: Payroll System: Payroll system is that system which is used by the human resource department in an…

Q: Payroll Accounting What information appears on the payroll register? What records are needed for an…

A: Payroll Accounting: Information that appears on the Payroll register: Payroll register is basically…

Q: Payroll Accounting 2020 by Landin Question: Ed Myers is verifying the accuracy and amount of…

A: A carry forward of loss is the technique which applies the current year loss to the next year’s net…

Q: how do you fill out and complete a payroll register for employees that are paid on a biweekly basis…

A: It is a record for a pay period that contains all the details regarding to "Employee hours worked,…

Q: Referring to relevant statutory provisions and common law, discuss whether, for the current income…

A: 1. This is not an allowable expense. The provision does not represent actual loss. Actual bad debts…

Q: Which of the following departments most likely would approve changes in pay rates and deductions…

A:

Q: After evaluating the information provided by the employees of La Nueva Era bookstore: Determine the…

A: Introduction: Following an assessment of the information given by the workers of La Nueva Era…

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.