Chapter 3

Calculating and Recording Departmental Payroll Data

ESSENTIAL QUESTIONS

What information is recorded to maintain employee benefits records? How are employee earnings calculated? What additional calculations are needed to complete a payroll record? What entries are neccessary to journalize payroll transactions?

TERMS FOR CHAPTER 3

- salary - payroll - payroll taxes - pay period - employee benefits - withholding allowance

- tax base - payroll register - employee earnings record - automatic check deposit - electronic funds transfer

ASSIGNMENTS

Define Terms for the Chapter Employee Benefits and Earnings Read pp. 62-70 What information is recorded to maintain employee benefits records? 1) View PowerPoint presentation intro and 3-1 2) Complete Application Problem 3-1, 3-2, & 3-3 pp. 86-87 (due 11/4) 3) Work on Study Guide 3 October 30 - November 4 Completing Payroll Records Read pp. 71-78 How are employee earnings calculated? What additional calculations are needed to complete a payroll record? 1) View PowerPoint presentation 3-2 2) Complete Application Problem 3-4 & 3-5 p. 87(due 11/6) 3) Continue to Work on Study Guide 3 November 5 - 6 Journalizing and Paying Payroll and Payroll Taxes Read pp. 79-85 What entries are neccessary to journalize payroll transactions? 1) View PowerPoint presentation 3-3 2) Complete Application Problem 3-6 & 3-7 p. 88 (due 11/10) 3) Complete Study Guide 3 (due 11/10) November 7 - 10

Complete Mastery Problem 3-8 pp. 88-89 Due November 13 Additional Chapter exercises Chapter Three Internet Activity Accounting in Your Career p. 63 Cases for Critical Thinking p. 90 Due November 14 Tentative Test Date for Chapter 3 is Monday, November 17 Challenge Problem 3-9 p. 90 may be completed for extra credit