Employees and Payroll

Related BrainMass Solutions

• Payroll Tax Entries in Excel

  and employers liability for employees payroll separately and entries for final payment of payroll liabilities. 5 A note on direct or indirect costs which would add to company's cost of having employees.

• Ghosts on the Payroll

  A separate employee was responsible for adding and deleting employees to the payroll system.

• Explain some major risks inherent in the payroll cycle. How

  been completed, and general errors in the calculation of payroll.

• What is your payroll cycle at work? Besides your salary, what other liabilities can you identify that might appear on your company's balance sheet related to compensation? Hint: look at your pay stub.

  Payroll Cycle or payroll system includes the following components. 1 A Payroll register: The payroll cycle starts with payroll register. It is the register of each employees total earnings and deductions.

• Errors That Could Occur from Control Weaknesses

  Timekeeping and Cost Accounting­­payroll preparation and cost accounting. Payroll Accounting­­check preparation and related payroll reports. Payroll Distribution­­actual custody of checks and distribution to employees.

• Payroll Taxes: Employees and Employers

  228956 Payroll Taxes: Employees and Employers What are the payroll taxes paid by employees? What are the payroll taxes paid by the employer?

• Journalizing Payroll and Payroll Tax Entries

  However, no employees had accumulated earnings for the year in excess of the $97,500 limit. The FICA tax rates are levied against both employers and employees.

• Calculations for the Weekly Payroll of the Piniella Company

  Prepare the payroll register for the weekly payroll. b. Prepare the journal entries to record the payroll and Piniella's payroll tax expense.

• Describe in detail the controls over payroll in auditing.

  If this does occur, management should take steps to verify that both employees are actual employees at the company, and that there is no ghost employee on payroll.

• Running a prompt and accurate payroll

  Managers can spend less time on employee paperwork and get back to doing what they do best in the organization. Employees can be able to update their own records regarding payroll.