The document discusses how to prepare payroll time cards. It explains how to calculate employee hours worked by determining regular and overtime hours for each day and totaling them. It also explains how to calculate total employee earnings by entering regular and overtime rates, calculating regular and overtime earnings amounts, and totaling them. The document provides steps and examples for completing these payroll calculations. It concludes with a brief review of key payroll terms like salary, pay period, payroll, and total earnings.

1. LESSON 12-1
Preparing Payroll Time Cards
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

2. 2
ANALYZING A PAYROLL TIME CARD
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
page 341
LESSON 12-1

3. CALCULATING EMPLOYEE HOURS
WORKED
1
2
3
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1. Calculate the number
of regular hours for each
day and enter the
amounts.
2. Calculate the number of
overtime hours and enter
the amounts.
3. Add Hours Reg and
Hours OT columns and
enter the totals.
4. Add the Hours column.
3
4
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1

4. CALCULATING EMPLOYEE TOTAL
EARNINGS
1
4
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1. Enter the rate for regular
time in the Rate column.
2. Calculate the regular
earnings. Enter the amount.
3. Enter the rate for overtime.
4. Calculate the overtime
earnings. Enter the amount.
5. Add the Amount column to
calculate total earnings.
Enter the amount of total
earnings.
2
3
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
4
5
LESSON 12-1

5. 5
TERMS REVIEW




page 344
salary
pay period
payroll
total earnings
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1

6. 5
TERMS REVIEW




page 344
salary
pay period
payroll
total earnings
CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-1