PayrollAccounting 2024,34thEdition
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byBernard J.Bieg, BridgetStomberg
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Verified Chapters 1- 7,Complete
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, CONTENTS
➢ Chapter 1: The Need for Payroll and Personnel Records
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➢ Chapter 2: Computing Wages and Salaries
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➢ Chapter 3: Social Security Taxes
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➢ Chapter 4: Income Tax Withholding
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➢ Chapter 5: Unemployment Compensation Taxes
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➢ Chapter 6: Analyzing and Journalizing Payroll
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➢ Chapter 7: Payroll Project
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,Chapter1 b
Which Law?b
1. K
2. H
3. B
4. F
5. I
6. J
7. A
8. D
9. G
10. C
11. E
12. L
Which Payroll Law?
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1. D
2. A
3. F
4. C
5. G
6. J
7. B
8. I
9. E
10. H
What’s Ethical?
b
1. Answers will vary. Some concerns include data privacy and integrity in the software
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b switchover, tax and employee payintegrityon the new software, and employee pay
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methods.
b
, 2. Answers will vary. Karsyn could choose to ignore her sorority sister’s request,
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b claiming Confidentiality. She could also discontinue active participation in the sorority.
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b In any case, Karsyn must not consent to her sorority sister’s request for confidential
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b information.
Confidential Records b
As the payroll clerk, your task is to protect the privacy and confidentiality of the information
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b youmaintain for the company. If a student group—or any personnel aside from the company’s
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b payroll employees and officers—wishes to review confidential records, you should deny their
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b request. If needed, you should refer the group to your department’s manager to discuss the
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b matterin more depth. The laws that apply to this situation are the Privacy Act of 1974, U.S.
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b Departmentof Health and Human Services Privacy Act 09-40-0006, Common-Law Privacy
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b Act, Computer Fraud and Abuse Act, and potentiallyHIPAA.
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Large vs. Small b b
1. Large companies face issues with multiple departments, employee access to
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b onlinepersonnel portals, employee data security, and timekeeping accuracy.
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2. For small companies, payroll processing will involve fewer employees than for
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b larger companies. Smaller companies could maintain their payroll needs using
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b company personnel because of the lower volume of transactions. Larger b b b b b b b b b
b companies need to consider their available trained payroll accountants and other b b b b b b b b b b
b staff to determine if theycan reliablyhandle the volume of payroll needs in a timely
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