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
LKHAMJAV –
I have not yet completed this course.
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PAMELA –
A step up from Payroll, more challenging, good information.
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THEODOSIA –
Well presented and easy to follow.
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CHERYL –
Very informative
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ADRIANA –
The Material is practical and you can dominate the subject very fast
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AMY –
remember it from the certification course, but haven’t referenced it much.
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ELENA –
No comment.
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KIANOUSH –
It was great.
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ANN –
It was an excellent book. It refreshed my memory on some of the things I don’t use a lot and I learned some new things. It was well worth my time taking this class.
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MANUEL –
It has been very helpful in my accounting practice.
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HUM –
it gives good knowledge
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SOCHEAT –
it focus more detail and accurate
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TRACI –
I used the book to review procedures, did not take the course or test.
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VINCENT –
I thought this course was very good.
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JAN –
I found this course very useful. Payroll is an important part of my job. Although I know a lot about the payroll process, there was information in this course that I did not know because I work for a small company and have not needed to use some of the areas touched on in this course. I felt like I learned some very useful information
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KATHLEEN –
I found this course to be concise and easy to understand.
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TINA –
I found this book to be informative. It had information that I wasn’t aware of and its a great resource for tasks that aren’t completed on a daily or weekly basis!
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JAYASHREE –
HELPED ME A LOT
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JENNY –
Great instruction book.
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ALYSIA –
Good!
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LEEANN –
Excellent learning tool… However, could use an update with dates and amounts.
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DHARMENDRA –
Excellent Book and help to increase knowledge for payroll tax.
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CHERYL –
A very easy to follow course. I benefited greatly by taking this course.
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KATHY –
Very informative. I learn a lot about various payroll functions that I have never used before that could help me in other areas. Easy to read and understand.
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NADINE –
Very good. Useful and just in time information.
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MYRIAM –
Very good, it was what I expected.
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ALDO –
very good book
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LAURA –
Useful information.
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THERESA –
NOT YET COMPLETED
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FIONA –
I found it very helpful in expanding my knowledge of payroll.
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