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
NANCY –
Very informative
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TERESITA –
This book has been my reference every time I have some questions on payroll entries and processing especially in terms of compliance with Labor laws.
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TERRENCE –
As in Payroll I, Payroll II was most excellent! I would, and have recommended it to anyone interested in the subject and furthering their career development.
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CYNTHIA –
I enjoyed this informative course.
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ARTAN –
It pretty good course detaild and you learn all the tricks.In addition man learn how to navigate through the tax system. I would recommend for technics and solving different situations in practice.
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JENNIFER –
I liked this book, but there is a error on page 98… it says solution 2 is $336.75, but in the calculation shown, the true answer is $326.75
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ANA –
Very useful and practical especially for those bookkeepers, accountants, and payroll people.
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CHERYL –
My only suggestion would be to have the applicable charts for the course come as a separately-bound publication.
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ARLENE –
Excellent
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TATSIANA –
Very helpful
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GEORGE –
The practice exercises and final examination helped my confidence and preparation for completing Mastering Payroll II and taking the American Payroll Association Fundamentals of Payroll Certification.
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CARMEN –
Easy to understa, thank you.
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DENISE –
Learned a great deal from this – If you handle payroll, you need this book.
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CHARLES –
“Payroll 11” unlike “The Payroll Source” simplified payroll. It is an excellent material for payroll professionls.
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TAMMY –
Is very comprehensive.
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CHRIS –
The Payroll II study book was very detailed. I would recommend this to everyone wanting to do payroll for any business.
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MARY –
I learned a lot from this course
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JEANINE –
Great! I used it for training employees at my business.
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ROBERT –
Great follow up to the first course. Lots of details and examples. Quizzes helped clarify the course information. Helpful to have all the forms to review.
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