Show:
Preparing Payroll Time Cards
Determining Payroll Tax Withholding
Preparing Payroll Records
Preparing Payroll Checks
Mixed Bag
100
How do you calculate regular salary?
What is regular rate times regular pay
100
define withholding allowance.
A deduction from total earnings for each person legally supported by a tax payer including the employee.
100
What is a payroll register?
A form used to record payroll info.
100
Where is the information for the payroll check gathered from?
Payroll register
100
Planning, recording, analyzing, and interpreting financial information is?
What is Accounting.
200
Daily Double! Why does a business use time cards
What is to keep track of hours worked?
200
What does a w-4 form show
marital staus and # of withholdings
200
How do you calculate net pay?
total earnings - total deductions.
200
What do employees not recieved when an employer uses an EFT?
Individual payroll checks are not written out.
200
What is the name of the company used in the book?
What is Hobby Shack
300
Name at least two payment periods. (terms of week paid)
every week, once a month, biweekly (twice a month) or semimonthly
300
what is the S.S. tax on $1137.
$70.49
300
What are 3 common deductions?
S.S. tax, Federal income tax, medicare tax, or health insurance/other
300
Daily Double! What part of a check should the employee keep to track deductions and net/gross pay?
the check stub?
300
What form do employees recieve at the first few months of a new year?
W-2 form
400
Name at least 3 things found on a time card
Hours worked, Employee name & #, pay period, overtime, gross pay
400
What is the medicare tax on $1137.
$16.49
400
Name at least 4 things found on a payroll register?
employee #, marital status, # of withholdings, gross/net pay, deductions and check #
400
true or false. Employers use a seperate checking account for payroll checks in order to control and prevent fruad.
true
400
What are the 5 parts of an W-4 form that must be filled out.
name and adress, social security #, maritial status, withholding allowance, signature and date.
500
Final Jeopardy! What is Mr. Alderson's first name?
Clint