Accounting – 4/22/19
I. Bellwork: Q&A
- What is the current Social Security tax rate?
- What is the current Medicare tax rate?
- Explain how withholding allowances impact the amount of federal income tax withheld.
II. Objectives:
- Prepare a payroll register.
- Prepare employee earnings record.
- Explain the steps how net pay is determined on a payroll register
III. Discussion/Notebook – Chapter 12.3 Preparing Payroll Records 358-363
- Payroll Register – Map
- Employee Earning Record
IV. Classwork
A. 12-3 WTG paper
B. Aplia – 12-3 Working Together & On Your Own
C. Aplia – 12-3 Application Problem
- Single Withholding Table
- Married Withholding table
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