1. CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 12-1 CHAPTER 12 OBJECTIVES PREPARING PAYROLL RECORDS DEFINE TERMS RELATED TO PAYROLL RECORDS COMPLETE A PAYROLL TIME CARD CALCULATE PAYROLL TAXES COMPLETE A PAYROLL REGISTER/EMPLOYEE EARNINGS RECORDS COMPLETE PAYROLL CHECKS

2. CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-1 Preparing Payroll Time Cards

3. CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 12-1 ANALYZING A PAYROLL TIME CARD page 341

4. CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 12-1 4.Add the Hours column. CALCULATING EMPLOYEE HOURS WORKED page 342 1 2 3 4 3.Add Hours Reg and Hours OT columns and enter the totals. 2.Calculate the number of overtime hours and enter the amounts. 1.Calculate the number of regular hours for each day and enter the amounts.

5. CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 12-1 CALCULATING EMPLOYEE TOTAL EARNINGS page 343 3 1 2 4 5 1.Enter the rate for regular time in the Rate column. 2.Calculate the regular earnings. Enter the amount. 3.Enter the rate for overtime. 4.Calculate the overtime earnings. Enter the amount. 5.Add the Amount column to calculate total earnings. Enter the amount of total earnings.

6. CENTURY 21 ACCOUNTING © Thomson/South-Western 6 LESSON 12-1 TERMS REVIEW salary pay period payroll total earnings page 344