Day 116

After studying Chapter 12, you will be able to:

• Define accounting terms related to payroll records.
• Identify accounting concepts and practices related to payroll records.
• Complete a payroll time card.
• Calculate payroll taxes.
• Complete a payroll register and an employee earnings record.
• Prepare payroll checks.

Notes 12-4

1. Obtain a Notes 12-4 handout from your instructor and record your notes through the presentation.  You can also view the presentation here.

Working Together 12-4

1. Make a copy of this spreadsheet.
2. Place this file in your Chapter 12 folder.
3. Rename the file to Lesson 12-4 (Your Initials)
4. Complete the spreadsheet according to the directions on page 358 or below.

On Your Own 12-4

1. Use the payroll register from On Your Own 12-3.   Three blank checks: on General Account check and two Payroll Account checks are provided in the Lesson 12-4 spreadsheet.  Work this problem independently.  Following the instructions on page 358 or below.

Self-Assessment 12-4

1. Complete this self-assessment for Lesson 12-4.  You can use your textbook and notes to complete this assessment.  

Application Problem 12-5

1. Using your Lesson 12-4 spreadsheet, click on the Application Problem 12-5 sheet at the bottom left, and complete the problem as directed on page 361 or below.