Presentation is loading. Please wait.

Presentation is loading. Please wait.

Processing Payroll Review. Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3.

Published byDora Watkins Modified over 7 years ago

Similar presentations

Presentation on theme: "Processing Payroll Review. Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3."— Presentation transcript:

1 Processing Payroll Review

2 Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3

3 Lesson 12-1 1 1 Calculate regular earnings 2 2 Calculate the overtime rate 3 3 Calculate overtime earnings 4 4 Calculate total earnings Regular Hours×Regular Rate=Regular Earnings 88×$15.00=$1,320.00 Regular Rate×1½=Overtime Rate $15.00×1½=$22.50 Overtime Hours×Overtime Rate=Overtime Earnings 6.5×$22.50=$146.25 Regular Earnings×Overtime Earnings =Total Earnings $1,320.00×$146.25=$1,466.25

4 Lesson 12-2 Select the appropriate table 1 1 Locate employee’s total earnings 2 2 Intersection of earnings and withholding allowances 3 3

5 Lesson 12-3 Pay Period Date 1 1 Social Security Tax 6 6 Medicare Tax 7 7 Health Insurance 8 8 Retirement Plan 9 9 Payment Date 2 2 Employee Personal Data 3 3 Federal Income Tax 5 5 Total, Prove, and Rule 12 Net Pay 11 Total Deductions 10 Check Number 13 Earnings 4 4

6 Lesson 12-3 Beginning Accumulated Earnings 3 3 1 1 Last Day of Quarter 4 4 Pay Period 2 2 Employee Personal Data 7 7 Total and Prove (If it is the end of the quarter.) 5 5 Earnings, Deductions, Net Pay 6 6 Updated Accumulated Earnings (Add new total earnings to the previous accumulated earnings amount.)

7 Lesson 12-4 1. 1.Prepare the check stub. 2. 2.Prepare the check from the information on the check stub. Date Description Amount Payee

8 Lesson 12-4 1 1 4 4 5 5 3 3 6 6 2 2

9

Download ppt "Processing Payroll Review. Lesson 12-1 Calculate regular hours. 1 1 Calculate overtime hours. 2 2 Calculate total hours. 3 3."

Similar presentations

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-3 Preparing Payroll Records.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-3 Preparing Payroll Records.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
LESSON 12-1 Preparing Payroll Time Cards Did you know… Payroll is one of the largest expenses to a business?

LESSON 12-1 Preparing Payroll Time Cards Did you know… Payroll is one of the largest expenses to a business?
Preparing Payroll Records

Preparing Payroll Records
Preparing Payroll Records

Preparing Payroll Records
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
Preparing Payroll Records

Preparing Payroll Records
Chapter 13 – Preparing Payroll Records

Chapter 13 – Preparing Payroll Records
Preparing Payroll Records

Preparing Payroll Records
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.
Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.

Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-1 Preparing Payroll Time Cards.
Preparing Payroll Records. 2 1. Preparing Payroll Time Cards Salary – money paid for employee services Pay period – period covered by a salary payment.

Preparing Payroll Records Preparing Payroll Time Cards Salary – money paid for employee services Pay period – period covered by a salary payment.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions Modified by D. Burns West Johnston.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions Modified by D. Burns West Johnston.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Completing Payroll Records for Employee Earnings and Deductions.
What different types of taxes are deducted from employee’s paychecks? LESSON 12-2 1 DO NOW.

What different types of taxes are deducted from employee’s paychecks? LESSON DO NOW.
Section 2Payroll Deductions What You’ll Learn  Why deductions are calculated and reported.  How to calculate deductions required by the federal government.

Section 2Payroll Deductions What You’ll Learn  Why deductions are calculated and reported.  How to calculate deductions required by the federal government.
Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Similar presentations

Ads by Google