Payroll Liabilities

This problem provides you with practice in computing various payroll liabilities as well as making the necessary journal entries to record those liabilities. The problem covers both liabilities that are deducted from an employee's paycheck as well as additional employer liabilities.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

  • Cell References (1.5)

  • Basic Calculations (1.3)

  • Drop-Down Lists (1.10)

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