Preparing Payroll Records

Social security tax is a federal tax paid for old-age, survivors, and disability insurance. Social security taxes are paid by both employees and employers. Social security tax is calculated on employee earnings up to a maximum amount paid in a calendar year (known as a tax base).
www.ssa.gov

1. When was the social security program established? What was the purpose of establishing it?
2. Since its inception, what are the total social security payments that have been made to beneficiaries?
3. The social security program is not currently in long-range actuarial balance, which means it is not projected to have sufficient income to pay all promised benefits over the next 75 years. What do you think should be done to promote the future of the social security program?

Answer the questions in paragraphs in your own words. Cite the sources you use to find the answers.

Quickbooks

Not long ago, businesses did all of their accounting work manually. Accounting has changed dramatically over the last twenty years, with the advent of personal computers, accounting software, and other technologies. One of the most popular accounting software programs today is QuickBooks.

1. What are some accounting processes that QuickBooks automates?


2. How have computerized accounting systems, such as QuickBooks, changed the way accounting is done?


3. Is it still necessary to understand accounting when using a computerized accounting system? Why or why not?

Remember to cite your source and to put your post into your own words.

Communication Overload

Read the Technology for Business section on page 293 that talks about company email and follow the steps below.

1. Research using email in businesses.
2. In your own words, what are the advantages of using email in businesses.
3. In your own words, what are the disadvantages of using email in businesses.
4. What is your experience with email? Do you use email at all?

Your post should be written in paragraphs in YOUR OWN WORDS.

Welcome to the Accounting Class Blog

Tell me about your spring break.

1. First try to post a comment.
2. Next follow the steps to create your own blog.
3. Once your blog is created, create your own post about your spring break.