Ch_01_Bieg_St_2013_FINAL - PayrollAccounting2013...

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Payroll Accounting 2013Bernard J. Bieg and Judith A. TolandTHE NEED FOR PAYROLL & PERSONNEL RECORDSDeveloped by Lisa Swallow, CPA CMA MSCHAPTER 5 CHAPTER 1
Learning ObjectivesIdentify various laws that affect employers in their payroll operationsExamine the recordkeeping requirements of these lawsDescribe employment procedures generally followed in a Human Resources DepartmentRecognize the various personnel records used by businesses and outline the type of information shown on each formIdentify the payroll register and the employee’s earnings record
Many Laws Affect PayrollFair Labor Standards Act (FLSA) Federal Insurance Contribution Act (FICA)Income tax withholding lawsFederal, state and localUnemployment tax actsFair employment lawsOther federal lawsState minimum wage and maximum hour laws and other state specific lawsLO-1
Current Legislation

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Term
Spring
Professor
Hall
Tags
Accounting, Payroll Accounting, Fair Employment Laws, personnel records, state specific laws

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