COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Question
Chapter 10, Problem 3.4SRE
To determine
Identify the register in which all employees’ gross earnings, deductions and net pay for a period are recorded.
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Students have asked these similar questions
The payroll register includes sections for recording:
A.
gross pay, deductions, and net pay.
B.
accrued expenses, unearned revenues, and net pay.
C.
assets, liabilities, equity, revenues, and expenses.
D.
employee home address and phone number.
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.
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
Chapter 10 Solutions
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
Ch. 10 - Prob. 1.1SRQCh. 10 - Prob. 1.2SRQCh. 10 - Prob. 1.3SRQCh. 10 - Prob. 1.4SRECh. 10 - Prob. 1.5SRECh. 10 - Prob. 1.6SRACh. 10 - Prob. 2.1SRQCh. 10 - Prob. 2.2SRQCh. 10 - Prob. 2.3SRQCh. 10 - Prob. 2.4SRE
Ch. 10 - Stacy Carter worked 48 hours during the week...Ch. 10 - Prob. 2.6SRACh. 10 - Prob. 3.1SRQCh. 10 - What accounts are debited and credited when...Ch. 10 - Prob. 3.3SRQCh. 10 - Prob. 3.4SRECh. 10 - Prob. 3.5SRECh. 10 - This general journal entry was made to record the...Ch. 10 - Prob. 1CSRCh. 10 - Prob. 2CSRCh. 10 - Prob. 3CSRCh. 10 - Prob. 4CSRCh. 10 - Prob. 5CSRCh. 10 - Prob. 1DQCh. 10 - Prob. 2DQCh. 10 - Prob. 3DQCh. 10 - Prob. 4DQCh. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - Prob. 7DQCh. 10 - Prob. 8DQCh. 10 - Prob. 9DQCh. 10 - Prob. 10DQCh. 10 - How does the direct deposit method of paying...Ch. 10 - What are the four bases for determining employee...Ch. 10 - Prob. 13DQCh. 10 - Prob. 14DQCh. 10 - Prob. 15DQCh. 10 - Prob. 1ECh. 10 - Prob. 2ECh. 10 - The monthly salaries for December and the...Ch. 10 - Prob. 4ECh. 10 - Prob. 5ECh. 10 - Prob. 6ECh. 10 - On July 31, 2019, the payroll register for White...Ch. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 3PACh. 10 - Prob. 4PACh. 10 - Prob. 1PBCh. 10 - Prob. 2PBCh. 10 - Prob. 3PBCh. 10 - Prob. 4PBCh. 10 - Prob. 1CTPCh. 10 - Prob. 2CTPCh. 10 - Prob. 1MFCh. 10 - The new controller for CAR Company, a...Ch. 10 - Prob. 3MFCh. 10 - Prob. 4MFCh. 10 - Prob. 1ED
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- Record the journal entries for each of the following payroll transactions.arrow_forwardA business form that shows all the earnings and withholdings for an individual employee is called a(n): pay stub payroll register employee earnings record O salary recordarrow_forwardTotal payroll was $946,000, of which $222,000 is exempt from Social Security tax because it represented amounts paid in excess of $128,400 to certain employees. The amount paid to employees in excess of $7,000 was $806,000. Income taxes in the amount of $173,700 were withheld, as was $19,500 in union dues. The state unemployment tax is 3.5%, but Waterway Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that the current F.I.C.A. tax is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. No employee for Waterway makes more than $250,000. The federal unemployment tax rate is 0.8% after state credit. Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all…arrow_forward
- For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file customer ledgers sales orders vendor ledgers hours each employee has worked during the current pay period. Tax tables.arrow_forwardThe amount of time over which an employee is paid is known as ___________. payroll pay period payroll register payroll clerkarrow_forwardCompleting 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…arrow_forward
- Question 9: In a journal entry for employee payroll, what type of account is credited to record each of the amounts withheld from employee earnings? Answer: A. O Asset В. O Liability C. O Revenue D. O Expensearrow_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_forwarddescribe the substantive sufit procedures you will be performing on a) the payroll balances b) the payroll transactions in the profit and loss accountarrow_forward
- How do companies account for and record payroll, and what journal entries do they use ?arrow_forwardQuestion 1 For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file customer ledgers sales orders vendor ledgers hours each employee has worked during the current pay period. Tax tables.arrow_forwardHow do you find and calculate FUTA and SUTA on payroll register?arrow_forward
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