ACCOUNTING 2025, 34TH EDITION BY
BERNARD J. BIEG, BRIDGET STOMBERG,
CHAPTERS 1 - 7
, CONTENTS
CHAPTER 1: THE NEED FOR PAYROLL AND PERSONNEL RECORDS
CHAPTER 2: COMPUTING WAGES AND SALARIES
CHAPTER 3: SOCIAL SECURITY TAXES
CHAPTER 4: INCOME TAX WITHHOLDING
CHAPTER 5: UNEMPLOYMENT COMPENSATION TAXES
CHAPTER 6: ANALYZING AND JOURNALIZING PAYROLL
CHAPTER 7: PAYROLL PROJECT
,Chapter 1
Which Law?
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?
1. D
2. A
3. F
4. C
5. G
6. J
7. B
8. I
9. E
10. H
What’s Ethical?
1. Answers Will Vary. Some Concerns Include Data Privacy And Integrity
In The Software Switchover, Tax And Employee Pay Integrity On The New
Software, And Employee Pay Methods.
, 2. Answers Will Vary. Karsyn Could Choose To Ignore Her Sorority
Sister’s Request, Claiming Confidentiality. She Could Also Discontinue
Active Participation In The Sorority. In Any Case, Karsyn Must Not Consent
To Her Sorority Sister’s Request For Confidential Information.
Confidential Records
As The Payroll Clerk, Your Task Is To Protect The Privacy And Confidentiality
Of The Information Youiimaintain For The Company. If A Student Group—Or
Any Personnel Aside From The Company’s Payroll Employees And Officers—
Wishes To Review Confidential Records, You Should Deny Their Request. If
Needed, You Should Refer The Group To Your Department’s Manager To
Discuss The Matterin More Depth. The Laws That Apply To This Situation Are
The Privacy Act Of 1974, U.S. Departmentof Health And Human Services
Privacy Act 09-40-0006, Common-Law Privacy Act, Computer Fraud And
Abuse Act, And Potentially HIPAA.
Large Vs. Small
1. Large Companies Face Issues With Multiple Departments,
Employee Access To Onlinepersonnel Portals, Employee Data
Security, And Timekeeping Accuracy.
2. For Small Companies, Payroll Processing Will Involve Fewer
Employees Than For Larger Companies. Smaller Companies Could
Maintain Their Payroll Needs Using Company Personnel Because Of
The Lower Volume Of Transactions. Larger Companies Need To
Consider Their Available Trained