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| Preface | |
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| Introduction | |
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| The Nature of Payroll Work | |
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| Payroll Systems | |
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| The People Who Do Payroll Work | |
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| Payroll Laws and Regulations | |
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| Federal Income Tax Laws | |
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| State and Local Income Tax Laws | |
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| Social Security Laws | |
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| The Fair Labor Standards Act | |
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| State Minimum Wage Laws | |
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| Other Laws Affecting Wages | |
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| Worker's Compensation Laws | |
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| State Disability Benefit Laws | |
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| Fair Employment Laws | |
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| Pension Security Laws | |
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| It's a Fact/The Immigration Reform Act | |
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| Study Questions | |
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| Discussion Questions | |
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| New Employee Records | |
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| The Job Application Form | |
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| The Personnel File | |
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| The Social Security Number | |
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| It's a Fact/Now Even Children Can Apply | |
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| The Withholding Allowance Certificate | |
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| The Employee Earnings Record | |
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| The Need for Confidentiality/The Case of the Payroll Leak That Became a Flood | |
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| Study Questions | |
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| Discussion Questions | |
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| Review Exercises | |
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| Time and Work Records | |
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| Payroll Periods | |
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| Time Records | |
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| Time Cards | |
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| Computing Time Worked | |
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| Time Sheets | |
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| Filing Time Records | |
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| It's a Fact/Living...and Working...at Home | |
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| Work Records | |
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| Production Records | |
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| Sales Records | |
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| Labor Distribution | |
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| The Need for Efficiency/The Case of the Late Time Cards | |
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| Study Questions | |
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| Review Exercises | |
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| Determining Gross Earnings | |
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| The Hourly-Rate Plan | |
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| It's a Fact/Big Business or Small, You Still Get Paid | |
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| The Salary Plan | |
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| The Piece-Rate Plan | |
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| The Commission Plan | |
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| The Salary-Commission Plan | |
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| It's a Fact/Flex-Time for Flex-Needs | |
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| Bonuses and Profit-Sharing Payments | |
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| Bonuses | |
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| Profit-Sharing Payments | |
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| Tips | |
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| Developing Efficient Working Procedures/The Use of the Electronic Calculator in Payroll Work | |
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| Study Questions | |
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| Review Exercises | |
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| Problems | |
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| Determining Payroll Deductions | |
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| Deductions Required by Law | |
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| Federal Income Tax | |
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| Social Security (FICA) Tax | |
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| State and Local Income Taxes | |
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| State Disability Insurance Tax | |
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| State Unemployment Compensation Tax | |
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| Garnishments | |
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| Developing Efficient Working Procedures/The Use of Tax Tables | |
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| It's a Fact/Publishing Tax Tables Is Big Business--For Business | |
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| Treatment of Tips for Federal Withholding Taxes | |
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| Deductions Required by Union Contracts | |
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| Voluntary Deductions | |
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| Insurance | |
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| Pension Plans | |
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| Savings Plans | |
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| Charitable Contributions | |
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| Changes in Payroll Deductions | |
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| Computing Net Pay | |
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| The Need for Clear Communication/The Case of the Withholding Allowance That Disappeared | |
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| Study Questions | |
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| Review Exercises | |
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| Problems | |
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| The Payroll Register | |
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| The Format of the Payroll Register | |
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| Making Entries in the Payroll Register | |
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| Totaling and Proving the Payroll Register | |
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| Developing Efficient Working Procedures/Checking Payroll Computations for Accuracy | |
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| Using the Payroll Register | |
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| The Need for Clear Writing/The Case of the Payroll Register That No One Could Read | |
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| Study Questions | |
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| Review Exercises | |
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| Problems | |
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| Employee Earnings Records | |
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| The Format of the Employee Earnings Record | |
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| Making Entries in the Employee Earnings Records | |
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| Totaling the Employee Earnings Records | |
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| Using Employee Earnings Records | |
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| Authorization to Make Payroll Changes | |
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| Retention of Payroll Records | |
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| Study Questions | |
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| Problems | |
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| Paying the Payroll | |
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| Payment in Cash | |
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| Payroll Change Sheet | |
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| Payroll Requisition for the Bank | |
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| Pay Envelopes for Employees | |
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| Employee Receipts | |
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| Payment by Check | |
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| Payroll Checks | |
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| The Use of a Special Payroll Account | |
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| Developing Efficient Working Procedures/Preparing Payroll Checks | |
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| Payment by Direct Deposit in Employee Checking Accounts | |
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| The Bank Transfer Form | |
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| Employee Statements | |
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| It's a Fact/Checkless Payments | |
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| The Need for Accuracy/The Case of the Little Error That Grew and Grew | |
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| Study Questions | |
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| Discussion Questions | |
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| Problems | |
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| Federal Payroll Taxes and Tax Returns | |
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| The Employer's Share of the FICA Tax | |
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| Computing the Tax | |
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| FICA Tax on Tips | |
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| Depositing FICA Taxes and Federal Income Taxes | |
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| Federal Tax Deposit, Form 8109 | |
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| Reporting FICA Taxes and Federal Income Taxes | |
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| Employer's Quarterly Federal Tax Return, Form 941 | |
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| Wage and Tax Statement, Form W-2 | |
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| Transmittal of Income and Tax Statements, Form W-3 | |
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| It's a Fact/Financing the Federal Government | |
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| Federal Unemployment Compensation Tax | |
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| The Unemployment Insurance System | |
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| Computing the FUTA Tax | |
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| Depositing the FUTA Tax | |
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| Using Form 8109 for Quarterly FUTA Deposits | |
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| Reporting the FUTA Tax | |
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| Employer's Annual Federal Unemployment Tax Return, Form 940 | |
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| The Need for Orderly Procedures/The Case of the Forgotten Tax Payment | |
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| Study Questions | |
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| Review Exercises | |
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| Problems | |
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| State Payroll Taxes and Tax Returns | |
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| State Unemployment Compensation Tax | |
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| Computing the SUTA Tax | |
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| Responding to Unemployment Benefit Claims | |
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| State Disability Insurance Tax | |
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| Worker's Compensation Insurance | |
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| State Income Tax | |
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| Obtaining Information About State Income Tax | |
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| Reporting and Paying State Payroll Taxes | |
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| Reporting and Paying the SUTA Tax | |
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| Reporting and Paying State Disability Insurance and Income Taxes | |
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| Issuing Wage and Tax Statements | |
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| Local Income Tax | |
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| Developing Efficient Working Procedures/Setting Up a Tax Calendar | |
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| Study Questions | |
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| Discussion Questions | |
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| Review Exercises | |
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| Payroll Systems | |
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| Manual Payroll Systems | |
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| Standard Payroll Forms | |
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| Custom-Made Payroll Forms | |
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| Pegboard System | |
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| Electronic Aids | |
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| Computerized Payroll Systems | |
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| Computer Components | |
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| Input Devices | |
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| Central Processing Unit | |
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| External Storage Devices | |
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| Output Devices | |
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| Types of Computers | |
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| Mainframe Computers | |
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| Minicomputers | |
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| Microcomputers | |
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| Payroll Processing by Service Bureaus | |
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| Computerized Payroll Procedures | |
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| Flowcharts | |
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| It's a Fact/Smart Clocks Make Better Payroll Records | |
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| Illustrative Case/A Computerized Payroll System in a Large Business | |
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| Illustrative Case/A Computerized Payroll System in a Small Business | |
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| Study Questions | |
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| Discussion Questions | |
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| Review Exercises | |
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| Accounting for Payroll | |
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| Accounting Records for Payroll | |
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| Effects of Payroll Transactions on the Ledger Accounts | |
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| Payroll Entries | |
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| Recording the Payroll | |
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| Recording the Employer's Payroll Taxes | |
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| Recording Payment of the Payroll | |
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| Recording Deposits of Payroll Taxes | |
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| Recording Payment of Amounts Withheld for Voluntary Deductions | |
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| Study Questions | |
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| Review Exercises | |
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| Problems | |
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| Tax Tables | |
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| Glossary | |
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| Index | |