EBK PAYROLL ACCT.,2019 ED.
19th Edition
ISBN: 9781337673198
Author: BIEG
Publisher: Cengage Learning
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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)
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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
Completing the Payroll Register
The Employee Payroll Register presents all the computations previously performed as it applies to this payroll period.
Complete the following steps (if a field should be blank, leave it blank):
Record the amount to be withheld for group insurance.
Record the amount to be withheld for health insurance.
Each worker is to be paid by check. Assign check numbers provided to the correct employee.
Compute the net pay for each employee.
Total the input columns.
KIPLEY COMPANY, INC.Payroll RegisterFor Period Ending January 8, 20--
EARNINGS
DEDUCTIONS
NET PAY
Name
Gross
OASDI
HI
FIT
SIT
SUTA
CIT
SIMPLE
Grp. Ins.
Health Ins.
Ck. No.
Amount
Carson, F.
$700.00
$43.40
$10.15
$48.00
$21.49
$0.42
$21.00
$20.00
Wilson, W.
897.04
55.62
13.01
68.00
27.54
0.54
26.91
50.00
Utley, H.
678.75
42.08
9.84
14.00
20.84
0.41
20.36
40.00
Fife, L.
877.10
54.38
12.72
33.00
26.93
0.53
26.31
50.00
Smith, L.
790.00
48.98
11.46
59.00…
|
BEI-4 Swenson Company has the following payroll procedures.
(a) Supervisor approves overtime work.
(b) The human resources department prepares hiring authorization forms for new hires.
(c) A second payroll department employee verifies payroll calculations.
(d) The treasurer's department pays employees.
Identify the payroll function to which each procedure pertains.
Chapter 1 Solutions
EBK PAYROLL ACCT.,2019 ED.
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
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Similar questions
- All details related to an employee's earnings, deductions, and net pay throughout the year would be found in: Multiple Choice the Wages Expense account in the general ledger. the payroll register. the general journal. О the individual earnings record.arrow_forwardWhich of the following departments most likely would approve changes in pay rates and deductions from employee salaries?a. Personnel.b. Treasurer.c. Controller.d. Payroll.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
- Which of the following is NOT included in the payroll register? Select one: Assignment of the employee Total hours Overtime earnings Taxable earningsarrow_forwardSection 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_forwardWhat are examples of involuntary deductions employers are required to collect for employee and employer payroll liabilities?arrow_forward
- Which of the following types of employee benefits are not covered by AASB 119/IAS 19? Select one: a. Annual leave. O b. Wages. OC. Long service leave. Od. Share-based payments. Time left 1:43:46 Re 1 10arrow_forwardThe amount of time over which an employee is paid is known as ___________. payroll pay period payroll register payroll clerkarrow_forwardWhich of the following methods of payroll calculation offers minimum wage standards and overtime allowances for employees? O a. Differential pay O b. Variable Commission Scale O c. Hourly Rate of pay O d. Salary Plus Commissionarrow_forward
- Swenson Company has the following payroll procedures.Identify the payroll function to which each procedure pertains. Payroll Procedures Payroll Function (a) Supervisor approves overtime work. Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (b) The human resources department prepares hiring authorization forms for new hires. Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (c) A second payroll department employee verifies payroll calculations. Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping (d) The treasurer’s department pays employees. Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeepingarrow_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_forwardTRUE 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.arrow_forward
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