Mrs. McCaskill's 4th hour Accounting Class
Mrs.McCaskill's 4th hour class started working on payroll records. They learned how to calculate hours worked including regular and overtime hours. They also learned how to figure gross pay by determining the regular hourly rate and then the overtime rate. From determining the gross pay, they went on the discuss deductions that are taken out of paychecks. This unit included figuring out Federal Income Tax using the government tables, Social Security, and Medicare Tax. Last but not least, they figured out the net pay by subtracting all the deductions from the gross pay.