136 pages [55 self-teaching + 81 self-quizzes with detailed answers]
Section 1: Who is an employee? How to classify—and pay—employees, independent contractors, leased employees, temporary help, agency referrals.
Section 2: Federal v. state laws. How to know if your employer or employees are covered by key federal laws. Minimum wage rules. The enterprise test.
Section 3: Paying employees. Who is paid overtime; computations. Paying for nonproductive time (showering, changing, etc.). When you can dock employee pay.
Section 4: Required payroll data. Information, data and forms for each employee. How long to keep each kind of information.
Section 5: Form W-4 and state withholding forms. How it must be completed. When you must reject a W-4. Rules on withholding a flat dollar percentage or dollar amount of tax.
Section 6: Withholding and depositing taxes. How to withhold FICA and federal income tax. The monthly, semiweekly and Wednesday-Friday rules. The “lookback period.” Form 941-X.
Section 7: Filing federal reporting forms. Computing Federal Unemployment Tax (FUTA). Who must file a 940, W-2, W-3, 941 and Schedule B, and 945. Backup-tax rules.
Section 8: When wages are taxable. When wages are earned v. when they are paid. Handling wages paid in January for December work.
Section 9: Other federal and state requirements. Handling the 1099, 1099-MISC, 1099-DIV, 1099-INT, 1099-R, 1096. State unemployment insurance (SUI). Each state’s due dates for filing the state W-2 and distributing copies to employees.
Section 10: Journal entries. How to record salary, deductions and employer/employee payroll expense, payment of taxes, premiums, pension contributions and more.
Glossary of key terms.
Appendix of sample payroll forms with instructions: W-4, 940, 940-Sched. A, 941, 941-Sched. B, 941-X, 944, 945, 945-A, W-2, W-3, W-2c and W-3c, I-9, 1099-MISC, SS-8.
Easy to follow and understand. I appreciate having the double quizzes at the end of each chapter to test and help solidify the skills.
Tammy Roberts –
Kazi Zia Uddin –
Highly appreciable course that brings most of the updated issues to work in payroll profession.
Beverly Koehler –
Excellent source for training employees
Wish you still have the tax prep books
Beth Axe –
Learned a lot in this course which helped me at my current job. Lots of good info here.
Evelyn Baldo –
confusing but interesting and informative
Mohamed Hlelemish –
The course is amazing and practical but needs more practice questions
Excellent resource material that was easy to understand. It was very detailed and thorough.
Myrna Alviso –
The material is excellent for people like me who is aspiring to be a freelance bookkeeper.. It will be a very good guide to help clients with payroll requirements. I also like that it is updated to conform with new tax laws.
Pravin patel –
Practical and useful information.
detailed explanation and enough examples.
Muller Viaud –
Janice Lima –
Enjoyed this course.
Roman Nykolyshyn –
I found Payroll to be very confusing. It seemed that any subject was covered in multiple chapters.
ELAINA TANCREDY –
The information in the book was helpful. I would have liked the exam/project to be in parts so that incorrect answers earlier in the project do not affect later answers.
Very information and I learned a lot being new to payroll. The chapters were short enough to read quickly and I actually read the entire book quickly. The test covered a wide amount of subjects.
So many forms and calculations. I have a better sense of what it takes to calculate payroll.
This part is a bit harder for many parts actually related to HR functions. But, thank you for showing all related forms in this book that will teach “bookkeeper” also needs to understand crossing over elements around HR matters.
The syllabus has updated and practical information which are very important for a professional bookkeeper. I use them in my daily work.
Although challenging was able to move forward by test taking at the end of each chapter and pass exam at the end of the book.
I love this course. It’s so practical and useful.
It was perfect. I enjoy reading the terminology I was looking for. I learned some other process which let me achieve my expectations.¬†The test or Quizzes after each section helped me really well. I printed apart from the quizzes and final examen so I will practice it one after another. It helps so much.
Well written and very detailed.
Found this course to be spot on and very useful.
Very useful & thorough.
This material is really helpful for who want to become payroll accountant. It cover all the matters that we need to provide for Payroll service, practical exam is really helpful for us to assess our knowledge.
We use a payroll company at my job, so much of this was new to me. I’m glad to have a better understanding of how payroll works and the laws that govern it.