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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ROXANNE –
Well done and informative
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ANA –
Very useful and practical especially for those bookkeepers, accountants, and payroll people.
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RAMONA –
I thought that book was very difficult to follow. The information thst it contained was not what I expected. Though informative it really pertained to the most uppercrust and metropolis areas of the corporate world. This is nothing that is used in most of our businesses or companies throughout the rest of the US.
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BETTY –
Very useful I have been doing Payroll for 30+ years and I learn some new things from this workbook.
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FARHANA –
The books are very helpful. Please make sure to mail the current books when we order. Usually we get the books for 2009 and 2010. We have reported that twice to the representative at AIPB.
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RACHEL –
Update on book 1 really. Found some of it very useful
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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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JOHN –
Better proofreading needs to be done. I noted 2 examples where there was a missing Form and Table reference was incorrect. I also found that some of the examples were either misleading or simply confusing Next printing include an index showing page numbers for each key term.
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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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KRISTI –
Very informative.
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CARROLL –
I did not like this AIPB book. Tax rates are usually easy to learn for me. Learning this time was like pulling teeth! I did not finish it. I found it too unethical to continue.
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CARMEN –
Easy to understa, thank you.
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MUNISH –
It was good.
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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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SHARON –
This new knowledge has empowered me
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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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ALEX –
Mastering Internal Controls and Fraud Prevention desperately needs to be updated. It seems evident that the last update was 2007. The material is not up-to-date.
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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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