会计学原理附录.ppt

I-1 Prepared by Coby Harmon University of California, Santa Barbara Westmont College W ILEY IFRS EDITION I-2 APPENDIX PREVIEW Financial Accounting IFRS 3rd Edition Weygandt ● Kimmel ● Kieso While the mechanics of payroll accounting are the same around the world, the particular accounts used are country- specific. Each country has different laws, different health and social programs, and different taxes related to payroll. The examples in this appendix illustrate payroll accounting applied in the United States. I-3 I LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. Compute and record the payroll for a pay period. 2. Describe and record employer payroll taxes. 3. Discuss the objectives of internal control for payroll. APPENDIX Payroll Accounting I-4 “Payroll” pertains to both: Salaries - managerial, administrative, and sales personnel (monthly or yearly rate). Wages - store clerks, factory employees, and manual laborers (rate per hour). Involves computing three amounts: (1) gross earnings , (2) payroll deductions , and (3) net pay . Determining the Payroll LO 1 Accounting for Payroll Learning Objective 1 Compute and record the payroll for a pay period. I-5 Total compensation earned by an employee (wages or salaries, plus any bonuses and commissions). GROSS EARNINGS Determining the Payroll LO 1 Illustration I-1 Computation of total wages I-6 Mandatory: ? FICA tax ? Federal income tax ? State income tax PAYROLL DEDUCTIONS Voluntary : ? Charity ? Insurance ? Union dues ? Pension plans Determining the Payroll LO 1 I-7 Mandatory: ? FICA tax ? Federal income tax ? State income tax Social Security and Medicare tax Supplemental retirement, employment disability, and medical benefits. Determining the Payroll PAYROLL DEDUCTIONS LO 1 Illustration I-3 FICA tax rate and tax base I-8 ? Employers are required to withhold income taxes from employees' pay. ?