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Standard 2: Understands and
applies payroll theories and procedures |
Level 4 Benchmarks (Grades 9-12)
- Calculates earnings (e.g., at an hourly
rate, salary basis, commission basis)
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- Calculates deductions (e.g., federal
income tax, Social Security tax, Medicare
tax, state income tax)
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- Calculates employer’s payroll taxes
(e.g., Social Security, Medicare, federal,
unemployment, state unemployment)
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- Prepares payroll reports (e.g., federal,
state, local)
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- Understands the relationship between
gross pay, net pay, and deductions (i.e.,
net pay = gross pay less deductions)
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