Payroll Accounting, Page 2

After you have completed this section, you will be able to:

1. Explain the importance of accurate records. 
2. Compute gross amount using different methods. 
3. Explain and calculate employee-paid withholdings. 
4. Calculate net pay. 
5. Prepare payroll registers. 
6. Explain the methods for distributing payroll funds. 
7. Prepare an employee’s earnings record. 
8. Define the accounting terms introduced in this section.