Table of Contents
  
What is Payroll? 1
Getting Help 1
Diagram of the Payroll Process 2
Employees 3
Independent Contractors 4
Statutory Employees 5
Employee Identification and Internal Control 5
Gross Pay 8
Income Tax Withholding 10
Social Security (FICA) Withholding 12
Other Withholding 14
Employer Payroll Taxes 16
Employer Benefits Expenses 19
Recording the Payroll: The Payroll Register 22
Recording the Payroll: Journal Entries 24
Recording the Payroll: Employee Earnings Records 25
Making Payments 28
Submitting Forms and Reports 32
Financial Statement Presentation and Accruals 34
Quick Review and Vocabulary 36
Practice Questions and Problems 38
Solutions to Questions and Problems 49

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