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ACCOUNTING 101: EASY BOOKKEEPING & ACCOUNTING FOR ​​BEGINNERS, ZEN OF BOOKKEEPING AND ACCOUNTING & MUSIC BY DR. DENVER

Bookkeeping and Accounting for beginners, high-school, college students and new learners available on Amazon.com and YouTube Videos.

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Accounting 101: Easy Bookkeeping and Accounting for Beginners

Simple Payroll and Payroll Expenses

Simple payroll bookkeeping activities are introduced in this chapter to assist beginners in understanding basic payroll functions in firms; not human resources functions. Actual, real-world situations will be different due to several factors...


Simple Payroll and Payroll Expenses

Partially copied from Accounting 101: Easy Accounting and Bookkeeping for Beginners © 2017, 2018 Denver Pettigrew, PhD, CPA, MBA

Simple payroll bookkeeping activities are introduced in this chapter to assist beginners in understanding basic payroll functions in firms; not human resources functions. Actual, real-world situations will be different due to several factors beyond the scope of this book, including: different state rules and regulations; changing federal and state withholding requirements and rates; and different additional personal withholdings. The basic payroll concepts, calculations, and recordings are like the simple examples provided in this chapter, although the quantities and types of withholdings from the gross wages and salaries on the paychecks of individual employees may be different. Additional payroll information and resources can be found on the IRS website, WWW.IRS.gov and in more advanced accounting textbooks.

Payroll expenses for the organization consist of two major parts (1) Wages and Salaries paid to employees, and (2) additional payroll charges payable to the State and Federal government by the organization...

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The complete chapter can be found in Accounting 101: Easy Accounting and Bookkeeping for Beginners