| A | B |
|---|
| Salary Expense | Total Earnings |
| Employee Inc Tax Payable | Federal Income Tax WH |
| Social Security Tax Payable | Social Security Tax WH |
| Medicare Tax Payable | Medicare Tax WH |
| Health Insurance Premiums Payable | Health Insurance WH |
| Retirement Contributions Payable | Retirement Plan |
| Cash Credit | Amount paid to employees |
| Banking | An amount equal to net pay is deposited into a separate payroll cking acct |
| Earnings Record | In each pay period, payroll info for each employee is recorded in this |
| Quarterly | How often Payroll Tax Reports are done |
| Payroll Deductions | Equal to all of the Payable accounts |
| Check | This is used to pay for the payroll |
