Unit 3: Accounting for Merchandise Business Organized as a Corporation: Payroll
Duration of Days: 28
How a business produces accurate records of employees time worked. The importance of paying employees on time and accurately deducting the necessary withholdings.
1. Complete the payroll for a business on a weekly pay system
2. calculating employees time worked
3. calculate gross pay, payroll deductions and net pay for each employee
4. calculated federal income tax withholding
5. create a payroll register for a pay period
6. writing a check to the payroll account
7. write checks to employees
Students will prepare payroll records for a merchandising business organized as a corporation that will include: calculating time worked, calculated federal income tax withholding, creating a payroll register, writing a check to the payroll account and write checks to employees
| Lesson # | Lesson Title | Duration of Days |
|---|---|---|
| 29 | Calculating Employee Earnings | 2 |
| 30 | Payroll Tax Withholding | 2 |
| 31 | Preparing Payroll Records | 3 |
| 32 | Preparing Payroll Checks | 3 |
| 33 | Independent Practice Payroll | 5 |
| 34 | Recording a Payroll | 1 |
| 35 | Recording Employer Payoll taxes | 2 |
| 36 | Payroll Tax Reports | 2 |
| 37 | Paying the Liability: Payroll Taxes | 4 |
| 38 | Independent Practice: Accounting for Payroll and Payroll Taxes | 4 |