4.55/5 stars (238 customer reviews)

$59.00

Learn how to handle: ✓ taxable v. nontaxable fringe benefits ✓ expense reimbursements, advances and allowances ✓ personal use of company vehicles ✓ deferred compensation ✓ cafeteria plans ✓ third-party sick pay ✓ voluntary v. involuntary deductions ✓ child support orders and tax levies. Double-quiz in each section assures that you master it.

ISBN:9781938741111
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$59.00
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302 pages [194 self-teaching + 108 self-quizzes with detailed answers]

Section 1: FIT withholding: The wage bracket and percentage methods. How to use IRS tables and special withholding rates.

Section 2: Fringe benefits. How to tax working condition fringe benefits . . . health insurance . . . qualified employee discounts . . . transit passes and parking . . . gift certificates, and more.

Section 3: Fringe benefits. How to tax—or not tax—various fringe benefits and report each one on the W-2, 941 and 940.

Section 4: Expense reimbursements, advances and allowances. What’s taxable v. nontaxable. Required substantiation. The cents-per-mile, standard mileage and federal per diem reimbursement methods. W-2 reporting.

Section 5: Personal use of company cars. 3 safe-harbor methods for valuing personal use and 4 requirements for using them. Reporting the value on the employee’s W-2.

Section 6: Deferred compensation and “cafeteria” plans. How to withhold pretax and report contributions to 401(k) plans and SEPs on the 941 and W-2. Contribution limits.

Section 7: Disability v. third-party sick pay. Handling sick pay from the employer v. self-insured plan v. insurer. FUTA and FIT taxability. Reporting sick payments on the W-2, 941 and 940.

Section 8: Taxing and reporting life insurance benefits. Reporting group-term life on the 940, 941 and W-2.

Section 9: Imputed income and gross-up for cash payments. How to compute a bonus that includes the employee’s share of taxes or withhold taxes after a cash bonus has been given.

Section 10: Imputed income and gross-up for fringe benefits. How to compute the employee’s share of taxes on noncash fringe benefits.

Section 11: Voluntary v. involuntary deductions. Child support orders, federal/state levies, other notices. Deductions permitted from employee pay before levy. Limits on the levy.

Section 12: Basics of workers’ comp insurance. Variations by state. Classification codes, computing premiums, taxation of workers’ comp benefits.

Glossary of key terms.

Appendix of sample payroll forms with instructions: W-4, 940, 940-Sched. A, 941, 941-Sched. B, 944, 945, 945-A, W-2, W-3, W-2c, W-3c, 941-X, I-9, 1099-MISC.

Publisher: AIPB

Additional information

Book Type

Softcover Book, Online eBook

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4.55 out of 5 stars

238 reviews

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What others are saying

  1. Myrna Alviso (verified owner)

    I believe this companion book will be very helpful in a more advance payroll requirements. This will be a very good reference material in handling more difficult topics related to payroll. This is a must have book to keep.

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  2. Juan Carlos Sanchez (verified owner)

    The book is very useful for my job, each bookkeeper and account must have this book, thank you

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  3. Kelly LaLonde (verified owner)

    I have not yet completed the course however I know that in the past all of the manuals and the step quizzes were very helpful in helping me learn and retain what I learned. I did not see anything that did not seem inaccurate or difficult to understand.

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  4. Vicki Brown (verified owner)

    I found this to be a great refresher course and an excellent reference.

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  5. Roman Nykolyshyn (verified owner)

    This book was much easier to follow than Payroll One. It was basically one subject per chapter.

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  6. Kellie Hanlon (verified owner)

    I thought the course was well set up and easy to follow. Wish there were more courses offered since I have completed all books that were available.

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  7. CHRIS (verified owner)

    This was a hard one! But I learned a lot.

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  8. DAVID (verified owner)

    Very useful and thorough.

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  9. DIANE (verified owner)

    Very Good. Questions at the end of each section really help to define specifics of each type of pay w/holding.

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  10. AMY (verified owner)

    Good course

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  11. KIM (verified owner)

    I have a lot of experience with payroll using an automated system. I learned a lot about manual calculations and proper entry on W-2. This class tied all my previous knowledge together.

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  12. VIVIAN (verified owner)

    Payroll II book is up to date. Very well explained. I am very satisfied with the knowledge I acquired.

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  13. JENNIFER (verified owner)

    I really enjoyed this course. I did really well with my understanding of Payroll I, and wanted to know more. It was much more in-dep, and it was put together well.

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  14. RACHEL (verified owner)

    Very comprehensive course – tackles the new tax law as thoroughly as possible while addressing constant payroll issues that will never change.

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  15. ANDREA (verified owner)

    more detailed and deeper diving course than the Payroll course

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  16. ELIZABETH (verified owner)

    Well presented

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  17. RAELYNN (verified owner)

    It was very informative.

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  18. MARC (verified owner)

    It was an excellent resource and updated.

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  19. FAYETTA (verified owner)

    This is an excellent workbook, that contains great information I would rate it a 5 star

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  20. DIANE (verified owner)

    This book was very informative and helpful.

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  21. ELIZABETH (verified owner)

    Good course

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  22. ROBYN (verified owner)

    I really learned a lot. I enjoyed it.

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  23. KATHY (verified owner)

    Good information

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  24. ROSAURA (verified owner)

    Payroll II makes very easy to study and understand payroll and payroll taxes compliance. I use this book as training tool for my employees and also highly recommend to my tax professional colleagues.

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  25. SHAUN (verified owner)

    I thought it had a lot of great info and concepts

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  26. DAWN (verified owner)

    This was an excellent review for me.

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  27. OLIVIA (verified owner)

    It has useful information.

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  28. ELIZABETH (verified owner)

    Clear presentation and good examples.

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  29. LINH (verified owner)

    I like the topics that this course was covered.

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  30. CHRISTINA (verified owner)

    Great book

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