SECTION 13-7 Employee Training pp. 443-446.

Slides:

Advertisements

Similar presentations

Objective 17 Word Problems: Evaluate algebraic expressions ©2002 by R. Villar All Rights Reserved.

Advertisements

Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Old Colony Trust Co. v. Commissioner 279 U.S. 716 (1929)

Section 2.6 Question 1. Section 2.6 Answer 1 Section 2.6 Question 2.

Calculating Gross Earnings with Differing Methods of Compensation.

Selling. Markup Based on Cost Cost The amount paid by a business to the manufacturer or supplier after trade discounts and other discounts have been.

State Income Tax pp SECTION. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill.

SECTION 1-5 Salary pp

SECTION 13-5 pp Workers Compensation and

Evaluating Algebraic Expressions, given values

 4 steps to solving word problems  Read/understand  Plan  Solve  Check.

Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 1.1Slide 1 1.1Hourly Pay and Salary Calculate gross pay for hourly-rate employees Calculate gross pay.

Commitment Accounting. Course Objectives  Protect Login Password  Learn how to create and approve employee charging instructions  Explain error/warning.

Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Administering Wages and Salaries pp SECTION.

SECTION 1-5 pp Salary.

SECTION 2-3 pp Graduated State Income Tax.

Salary pp SECTION. Copyright © Glencoe/McGraw-Hill 1-5 Section Objective Determine: salary per pay period.

By Valya Freitas.  A ground attendant helps by assisting passengers  Find lost baggage  Provides assistance to handicapped people  Have to stand and.

Employee Benefits pp SECTION. SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 13- 3, Slide 2 of Key Words to Know employee.

CALCULATING GROSS EARNINGS WITH DIFFERING METHODS OF COMPENSATION.

SECTION 1-4 Piecework pp

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 12-1 Preparing Payroll Time Cards How often do people get paid? What’s the difference between Gross.

SECTION 2-4 pp Social Security & Medicare Taxes.

Payroll Computations, Records, and Payment Section 2: Calculating Earnings and Taxes Chapter 10 Section Objectives 2.Compute gross earnings of.

Graduated State Income Tax pp SECTION.

SECTION 2-5 pp Group Health Insurance.

SECTION 2-6 pp Statement of Earnings.

SECTION 1-4 Piecework pp

Understanding Pay, Benefits, and Incentives

SECTION 10-7 Homeowners Insurance Premium pp

Warm Up: You have a job at Foodland and get paid $11.50/hr. You work 4 hours each week. How much will your pay cheque be after 2 weeks? -When finished.

Payroll Accounting $ $ $ $ Making Accounting Relevant Chapter 12

SECTION 1-2 pp Overtime Pay.

© 2014 Cengage Learning. All Rights Reserved.

SECTION 2-2 pp State Income Tax.

Identify the steps of Selling.

Chapter 5: Production Improving Productivity

Computer courses in Chandigarh. What is Computer Forensics.

American Private Enterprise System

Chapter 20 THE PAYROLL.

SECTION 1-1 Hourly Pay pp

Unit 3 Accounting for a Payroll System

SECTION 1-5 Salary pp

SECTION 5-5 Compound Interest pp

© 2014 Cengage Learning. All Rights Reserved.

SECTION 1-1 pp Hourly Pay.

SECTION 7-3 Finance Charge: Average-Daily-Balance pp

LESSON 12-1 Preparing Payroll Time Cards

SECTION 13-6 Travel Expenses pp

Yields Dividends for a Lifetime

SECTION 1-7 pp Graduated Commission.

SECTION 8-1 Single-Payment Loans pp

SECTION 1-1 Hourly Pay pp

© 2014 Cengage Learning. All Rights Reserved.

LESSON 12-1 Preparing Payroll Time Cards

SECTION 2-2 State Income Tax pp

SECTION 10-7 Homeowners Insurance Premium pp

SECTION 10-2 Monthly Payment and Total Interest pp

SECTION 2-4 Social Security and Medicare Taxes pp

The Flow of Money Course outline Effective effort handout.

SECTION 7-3 Finance Charge: Average-Daily-Balance pp

= x 2 = = 20 4 x 5 = = 16 4 x 4 = = 18 6 x 3 = = 12 2 x 6 = 12.

Managing Human Resources

Chapter 14: Taxes and Government Spending Section 2

Who to Hire & What to Consider

LESSON 12-1 Preparing Payroll Time Cards

LESSON 12-1 Preparing Payroll Time Cards

SECTION 1-7 Graduated Commission pp

Presentation transcript:

SECTION 13-7 Employee Training pp. 443-446

Key Words to Know release time (p. 443) Time an employee spends away from a job for which a business will still pay a regular salary, such as for a training program.

Formula Total = Cost of + Cost of + Additional Training Release Instruction Costs Costs Time

Example 1 Walther chose eight employees to attend a training program in Computer Assisted Manufacturing (C.A.M.) held within the company. The employees were paid their regular wages while attending the 2-day program. Their combined wages amounted to $512 a day.

Example 1 (cont.) The production control manager, who earns $168 a day, was the course instructor. Refreshments were brought in twice a day at a cost of $45.70 per day. Supplies for the program amounted to $35 per person. What was the total cost of the training program?

Example 1 Answer: Step 1 Find the cost of release time. 2 days × $512.00 = $1,024.00

Example 1 Answer: Step 2 Find the cost of instruction. 2 days × $168.00 = $336.00

Example 1 Answer: Step 3 Find the additional costs. (2 × $45.70) + (8 × $35.00) = $91.40 + $280.00 = $371.40

Example 1 Answer: Step 4 Find the total training cost. Cost of + Cost of + Additional Release Instruction Costs Time $1,024.00 + $336.00 + $371.40 = $1,731.40

444:1-14