Define the term payroll register.

Q: In a payroll system, what types of input data are referred to as (a) constants and (b) variables?

A: a. The data that remain unchanged from payroll to payroll are referred to as constant data. The list…

Q: How to calculate FIT on payroll register? What is the equation or numbers I am supposed to use to…

A: Before calculating payroll taxes, the employees will need to complete these new employee documents,…

Q: 3. SYSTEM FLOWCHART PAYROLL Figure 2-4 in the text illustrates how a customer order is transformed…

A: In flowchart:- Oval shape is used for start and end of the process. Rectangle shape is used for…

Q: Explain audit for payroll

A: Transaction in statement  of profit and loss is been audited by performing substantive analytical…

Q: Please answer this correctly. Thank you:) 1. Describe the two economic events that occur for…

A: Payroll is the compensation an employer pay to its employees for a set period or on a given date.

Q: Compute Payroll Floatin Away Company has three employees-a consultant, a computer programmer, and an…

A: Payroll accounting is the process of calculating, managing, documenting, and analyzing the…

Q: Explain the importance of a contract in the revenue recognitionprocess.

A:

Q: Explain promissory notes?

A: Promissory note refers to a signed written document that contains an unconditional promise to pay…

Q: Determine the gross pay and the net pay for each of the three employees for the current pay period.…

A: Gross pay = Regular payment + overtime payment  Consultant:  Gross pay = Regular payment + overtime…

Q: Required 1. Prepare a flowchart of the Sherman's payroll system. 2. Discuss the risks for payroll…

A: Payroll System: Payroll system is an arrangement within an organization that manages the payment of…

Q: Describe the costs and the basic accounting activities relating to payrolls?

A: Finance bookkeeping is basically the estimation, the executives, recording, and examination of…

Q: WHAT ARE THE MAIN DOCUMENTS USED FOR PAYDAYLOAN ?

A: A payday loan is a high-cost unsecured loan that can be availed at the time of a short-term…

Q: What are the two main controls for payroll? Provide an example of each.

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Describe the cost and basic accounting activities related to payroll ?

A: Payroll accounting is just recording the payroll expenses of a business into the final ledger.

Q: Which duties should be separated in the payroll cycle?

A: Payroll System:   A payroll system is a system within an organization that is responsible for…

Q: Given the following information from the payroll register, calculate the net pay and prepare a…

A: Payroll entry is made to record the gross salary along with incentives being paid to the employees…

Q: Which function should distribute paychecks?a. personnelb. timekeepingc. paymasterd. payroll

A:

Q: Describe the costs and the basic accounting activities relationg to payroll

A: Payroll:- Payrolll may be a list of workers who get paid by the corporate. Payroll also refers to…

Q: NON-CURRENT LIABILITIES 1,646,862 3,844 Long term financing Long term deposits Long term employee…

A: The payment to be paid to the employee for rendering service is called payroll expense. It is…

Q: Define Revenue

A: The revenue is reported on the income statement of the company, and it is used to derive the net…

Q: Define payroll.

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: hat is the essentiality of knowing the com

A: Introduction : Payroll can be understood as the remuneration that a company must pay to its workers…

Q: How do you find and calculate FUTA and SUTA on payroll register?

A: Solution-   Lets take a example- Question- Merger company has 10 employees  each of whom earns $2000…