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.

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SKU: 978-1-938741-25-8-1 Categories: ,

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 WorkBook, Online e-WorkBook

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  1. CAMERON

    Great to refresh and take a closer look at the fine details of Payroll.

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  2. DIANA

    Very informative!

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  3. CHAINE

    It’s a good course. Very clear and guide you step by step.

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  4. MAUREEN

    Enhanced my payroll knowledge.

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  5. RODNEY

    This was the continuing class to Payroll I. Both of these classes are a great introduction to learning the basics of the payroll process.

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  6. OKSANA

    It’s a very helpful book. It explains everything very clearly.

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  7. TONYA

    Great tables on the W2 boxes.

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  8. RUPALI

    Excellent

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  9. JUTTA

    Enjoyed the material and instructions are easy to follow.

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  10. BEN

    Excellent continuation of Payroll I. Working in payroll at a real estate company, this has helped me understand the payroll function much better.

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  11. MENGLU

    Very useful and helpful

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  12. JOLENE

    Great. Feel more areas could be covered though.

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  13. ROSA

    The course is wonderful. I like it

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  14. RALUCA

    Helped me improve more, lots of exercises to practice

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  15. LISA

    Great Course, I learned a lot

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  16. CINDY

    It was excellent

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  17. JULIANN

    I am recently certified. Since one of my main job duties is payroll, I want to keep learning more in that area. Payroll II is very helpful with this. It covers taxable and non-taxable benefits and the reporting of them. It also covers other tax free and taxable employee expenses and information on employer provided vehicles, compensation plans and flexible benefit plans. I appreciate the information about the payment coverage for employee injuries and illnesses. There is additional help on tax-favored life insurance plans and on how to tax imputed and gross up income.

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  18. ANNETTE

    I found the course to be very informative and current

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  19. TRANG

    Good material.

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  20. LINDA

    Wonderful class – the information was well presented and presented in a way that makes learning easy.

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  21. CHIDROOP

    Presently clearly and concisely with adequate examples.

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  22. RABINDRA

    book and materials are healpfull

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  23. LINDA

    Payroll II was a good course if you want to expand your knowledge of payroll and more in depth items.

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  24. ELLEN

    Great book, detailed and useful .

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  25. THUY

    Good book. I would think it could be more useful if Publication number was stated at beginning of each Chapter and an Index at the end of the Book. 

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  26. VIOLET

    Helpful information. Easy-to-follow learning procedure. Would recommend for those doing payroll. About half the book contains samples of a lot of the forms.

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  27. CYNTHIA

    This was an excellent course. The information was as clear as you can make government laws. The Quizzes were formatted/worded in such a way that it really cemented the information in my mind.

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  28. DEBRA

    a couple of the questions were not clearly worded

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  29. NICOLE

    More explanations on garnishments.

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  30. DIDI

    All AIPB courses are great and this one is not an exception. I enjoyed my studies, very useful, covers all the material and easy to follow. I always go back through the pages just to “refresh my memory”. Very satisfied.

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