ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 2
Computing Wages and
Salaries
1
Learning Objective #1
Explain the major provisions of
the Fair Labor Standards Act
2
Fair Labor Standards Act
Enterprise
coverage includes all
employees if:
2+ work in interstate comme
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 6
Analyzing and Journalizing
Payroll
1
Learning Objective #1
Record payrolls in payroll registers
and post to employees earnings
records
2
Accounting for Payroll
Transactions
Payroll
requires entering data (in
order) i
Wesley owns and operates the Cheshire Chicken Ranch in Turpid, Nevada. The income from this ranch is
$49,000. Wesley wishes to use the easiest possible tax form. He may file:
a.
Form 1040EZ
b.
Form 1040A
c.
Form 1040
d.
Form 1065
e.
None of the above
Euge
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 3
Social Security Taxes
1
Learning Objective #1
Identify, for social security
purposes, those persons covered
under the law and those services
that make up employment
2
Coverage under FICA
Federal Insurance Contributio
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Explain coverage under the Federal
Income Tax Withholding Law by
determining:
(a) the employee-employer relationship
(b) kinds of payments defined as wages
(c) kinds of pre-tax salary reductions
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 5
Unemployment Compensation
Taxes
1
Learning Objective #1
Describe the basic requirements
for an individual to be classified as
an employer or an employee
under Federal Unemployment Tax
Act (FUTA)
2
FUTA and SUTA
Feder
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Identify, for social security purposes, those
persons covered under the law and those
services that make up employment
CHAPTER 3
Social Security Taxes
1
Coverage under FICA
2
Coverage under FICA
The Internal Revenue Service (LO 12.1)
Which of the following is a responsibility of a local office of the IRS?
a. Advising the Treasury Department on legislation
b. Intelligence operations
c. Appellate procedures
d. Developing IRS rules and regulations
e
Mark the correct answer. In cash basis accounting, for tax purposes:
a.
Income is recognized when it is actually or constructively received and expenses are recognized
when they are actually or constructively incurred, regardless of when paid.
b.
Income i
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Record payrolls in payroll registers and
post to employees earnings records
CHAPTER 6
Analyzing and Journalizing
Payroll
1
Accounting for Payroll Transactions
Payroll requires entering data (in
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Describe the basic requirements for an
individual to be classified as an employer
or an employee under Federal
Unemployment Tax Act (FUTA)
CHAPTER 5
Unemployment Compensation
Taxes
1
FUTA and SU
Review Test Submission: UNIT 2 TEST
User
Course
Nicky Kc
2016FA Introduction to Philosophy (PHIL-1301-71428, PHIL1301-91433)
Test
UNIT 2 TEST
Started
11/29/16 10:57 PM
Submitted
11/29/16 11:03 PM
Status
Completed
Attempt Score 150 out of 150 points
Time E
User
Course
Nicky Kc
2016FA Introduction to Philosophy (PHIL-1301-71428, PHIL1301-91433)
Test
UNIT 3 TEST
Started
12/8/16 9:56 PM
Submitted
12/8/16 10:06 PM
Status
Completed
Attempt Score 150 out of 150 points
Time Elapsed 9 minutes
Results
All Answers, S
Richland College
School of Engineering, Business & Technology
ACNT 1329 813400 / 93401
Payroll & Business Tax Accounting
Spring 2016
Instructor:
Office:
Telephone:
Email:
Office Hours:
Casey Martin, CPA
Bonham Hall Room 126
972-238-6210
[email protected]
M
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Identify various laws that affect employers
in their payroll operations
CHAPTER 1
The Need for Payroll and
Personnel Records
1
Payroll Accounting & Code of Ethics
Applicable to ALL companies, in
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 1
The Need for Payroll and
Personnel Records
1
Learning Objective #1
Identify various laws that affect
employers in their payroll
operations
2
Payroll Accounting & Code of
Ethics
Applicable
to ALL companies, industrie
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 4
Income Tax Withholding
1
Learning Objective #1
Explain coverage under the
Federal Income Tax Withholding
Law by determining:
(a) the employee-employer
relationship
(b) kinds of payments defined as
wages
(c) kinds of
1/24/2016
Learning Objective #1
ACCT 1329
PAYROLL ACCOUNTING
Explain the major provisions of the Fair
Labor Standards Act
CHAPTER 2
Computing Wages and
Salaries
1
Fair Labor Standards Act
Employee & Employer Defined
Enterprise coverage includes all employ
ACCT 1329
PAYROLL ACCOUNTING
CHAPTER 3
Social Security Taxes
1
Learning Objective #1
Identify, for social security purposes, those
persons covered under the law and those
services that make up employment
2
Coverage under FICA
Federal Insurance Contributio
Computer Accounting with QuickBooks 2015 by Donna Kay
Go Digital Reports
Save your QuickBooks reports using the following steps.
Step 1 Go to www.My-QuickBooks.com.
Step 2 Select QB 2015.
Step 3 Download the Go Digital Excel REPORTS template for the assig
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