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Create personnel and payroll records to comply with tax law and payroll processing operations. Audit the procedures and systems used to compute wages, salaries, and

Create personnel and payroll records to comply with tax law and payroll processing operations.
Audit the procedures and systems used to compute wages, salaries, and taxation.
Diagram and follow a complete payroll cycle.
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Marital No. of Time Card No. Employee Name Inga C. Flores Carson S. Palmetto Carmen V. Ruppert 51 Lucas T. Foley Marshal W. Olney Wage or salary $19.25 per hour 17.80 per hour 800.00 per week 4,500.00 per month 78,000.00 per year NO Simple 50 40 40 31 2 99 80 No. Time Clerk's Report No. 1 - For Period Ending January 8th, 20xx Employee M TW Th Time Worked Time Lost 1.5 Tardy Flores, Inga C. 8 Palmetto, Carson SS Ruppert, Carmen V8 Foley, Lucas T. 8 Olney, Marshall W8 38.5 41.25 40 ONLEY COMPANY PAY REGISTER DEDUCTONS Group Health Gross Grossp. SIMPLE OASD 6.20% per week per annum Mangino R 38,480 740 770 Flores C 40,040 711 Palmetto s 658 37,024 43,056 Waters F 765 Kroll T 49,504 879 Ruppertv 41,600 40,560 42,000 Wickman 750 54,000 1,068 78,000 ONLEY COMPANY EMPLOYEE REGISTER DEDUCTIONS Name Gross | OASDI SIMPLE Group Health at 6.20 Mangino R 700 Floresc Palmetto s Waters Kroll T Ruppert Scant Wickman JOURNAL DATE DESCRIPTION DEBIT CREDIT Jan. 12 #REFI Wages and Salaries FICA Taxes Payable - OASDI FICA Taxes Payable - HI Employees FIT Payable Employees SIT Payable Employees SUTA Payable Employees CIT Payable SIMPLE Deductions Payable Group Insurance Premiums Collected Health Insurance Premiums Collected Salaries Payable BREF! REF: #REFI NREF! REF: REF: #REF! #REF! REFI WREFI WREFI Payroll Taxes FICA Taxes Payable - OASDI FICA Taxes Payable - HI** FUTA Taxes Payable SUTA Taxes Payable #REFI WREFI REF! REFI #REFI Salaries Payable Cash REF: Taxable Earnings #REF! Rate 0.006 Net FUTA Net FUTA Tax #REF! SUTA Tax #REF! SUTA #REF! -0.036785 * #

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