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
LORI –
Great refresher to get back to the basics for someone, who after years of processing payrolls using a software program to calculate the net pay and generate reports.
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BEATA –
Great course
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STEVE –
Don’t use as much as payroll part 1, but has a more in depth treatment of the subject
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JANET –
Detailed information. Chapters were divided nicely with challenging quizes.
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KAREN –
Advanced P/R I with a bit more detail. Very informative.
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GREG –
Helpful, provided useful details in resolving some issues
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WILLIAM –
What I found lacking in the course is probably too expensive to do at a national level. There are different adjustments that have to be performed to the total payroll, such as the separation of exempt and non exempt for Workers Compensation Insurance or some of the fringe benefit calculations, that aren’t addressed. Rather then provide specific calculations for each state, maybe a general discussion of the most common adjustments would give the student some advanced notice of what additional categories he/she would have to subdivide the payroll history, before the request arrives.
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MICHAEL –
Book was helpful in my continuing study of Payroll entries
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Anonymous –
Very informative
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HOWARD –
Good book. Handy for gross ups. Would like to see more examples.
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KAREN –
Excellent used as self study refresher course did not test
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JING –
I have not finished to read it yet. But it is useful.
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LUISA –
Excellent course
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CONNIE –
Great review especially for those tricky fringe benefits
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TAMMY –
I thought the course was in depth and covered what a person needs to know and learn about handling payroll
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MELISSA –
Excellent information. I’d like a Payroll III.
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VIRGINIA –
This book is okay for a review of basic principles, but it should be updated every year for the newest laws. Having to learn rules and calculations based on information that is several years out of date is confusing at best.  [Note from AIPB: Each year, we publish a new edition of this course with the latest laws and regulations.]
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BARBARA –
The course was very informative and I use my book as a reference material.
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SOLOMON –
It is very fantastic approach to have the basic idea inorder to do the real Accounting job.
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LINA –
Very helpful
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GAYLE –
Very good
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CAROL –
This was a good course, took my knowledge to another level
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W –
Same as 1
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ANITA –
No comments.
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GAIL –
No comment
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PAMELA –
Just when you think you know all there is about payroll, comes a higher level. Any one that prepares payroll should study both workbooks.
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JOY –
It was very helpful as a resource
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CLAIRE –
Helpful
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CLAIRE –
Helpful
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LESLIE –
Great information to enhance payroll knowledge.
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