LESSON 12-1
Preparing Payroll Time Cards
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2
ANALYZING A PAYROLL TIME CARD
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 341
LESSON 12-1
3
CALCULATING EMPLOYEE HOURS
WORKED
1
2
page 342
1. Calculate the number
of regular hours for each
day and enter the
amounts.
2. Calculate the number of
overtime hours and enter
the amounts.
3. Add Hours Reg and
Hours OT columns and
enter the totals.
4. Add the Hours column.
3
4
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1
4
CALCULATING EMPLOYEE TOTAL
EARNINGS
page 343
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.
1
2
3
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
5
LESSON 12-1
5
TERMS REVIEW




page 344
salary
pay period
payroll
total earnings
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1
LESSON 12-2
Determining Payroll Tax
Withholding
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
7
EMPLOYEE’S WITHHOLDING
ALLOWANCE CERTIFICATE
3
page 346
2
1
4
5
1.
2.
3.
4.
5.
Write the employee’s name and address
Write the employee’s social security number.
Check the appropriate marital status block.
Write the total number of withholding allowances claimed.
The employee signs and dates the form.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-2
8
EMPLOYEE’S INCOME TAX
WITHHOLDING – MARRIED PERSONS
page 348
1
2
3
1. Select the appropriate table.
2. Locate the employee’s total earnings.
3. Intersection of wages and number of allowances column.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-2
9
TERMS REVIEW





page 350
payroll taxes
withholding allowance
social security tax
Medicare tax
tax base
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-2
LESSON 12-3
Preparing Payroll Records
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
11
PAYROLL REGISTER
page 351
1
2
4
5
6
7
8
9
10
11
3
13
12
1. Pay period date
2. Payment date
3. Employee personal data
4. Earnings
5. Federal income tax withheld
6. Social security tax withheld
7. Medicare tax withheld
8. Health insurance premium deductions
9. Other employee payroll deductions
10. Total deductions
11. Net pay
12. Total, prove, and rule
13. Check number
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-3
12
EMPLOYEE EARNINGS RECORDS
page 353
1. Last day of
quarter
2. Employee
personal data
3. Beginning
accumulated
earnings
4. Pay period 2
4
1
5
3
5. Earnings,
deductions,
net pay
6. Updated
accumulated
earnings
6
7
7. Total and prove
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-3
13
TERMS REVIEW
page 355
 payroll register
 net pay
 employee earnings record
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-3
LESSON 12-4
Preparing Payroll Checks
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
15
PAYROLL BANK ACCOUNT
1
page 356
2
1. Prepare the check stub.
2. Prepare the check.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-4
16
EMPLOYEE’S PAYROLL CHECK
1
page 357
2
1. Prepare the check stub of each employee’s payroll check.
2. Prepare each employee’s payroll check.
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-4