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
LINDA –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DONNA –
Every payroll preparer should take both the Payroll I and Payroll II courses.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DIANE –
Easy to understand and follow. Explained each concept in detail.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SANTIAGO –
Very Good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LINDA –
Teaches about other things that deal with payroll
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KENNETH –
I thought each of the courses was right on target. They were a very good source for review for me.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BECKY –
I felt it was a great book. I already knew most of the information, but that was due to experience.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DARRYL –
EXCELLANT!!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BARBARA –
Thank you.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBBIE –
Very informative. Have not completed the book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KELLY –
Very informative and easy to follow. The question and answer section are a great help to make sure you are understanding everything. Highly recommended.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
GENE –
helpful and informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RONALD –
Great follow up to the basic course. Great understanding after completion.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TIMOTHY –
Excellent presentation and examples in explaining the payroll process.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KARA –
Excellent course, very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RAJPATTY –
Very educational, current and precise, payroll knowledge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
VICTORIA –
Good Detail, easy to follow.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
HONEY –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOSE –
EXCELENT
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JEMIL –
Above expectation
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
REGINA –
The study book contained valuable payroll information. I keep it on my desk and a handy tool for work.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOSE –
It provides everything you need to know about federal rules in order to apply it and according to the company needs.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NANCY –
This course was very helpful regarding often mis-used fringe benefit deductions, vehicle use, disability, life insurance and other taxable and non taxable benefits. It went way beyond the basic payroll functions. A very helpful course and a book I refer to often during the month at work
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CHERYL –
This course contained a lot of detailed information. It was presented in a format that made it easy for me to learn it. I learned a lot of new information, and keep the book handy for reference.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CAROLYN –
The material was very helpful in improving my bookkeeping skills by helping me develope a better understanding of the payroll process.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANN –
MOST PAYROLL IS DONE ON COMPUTERS AND OLD DATA
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KAREN –
I learned there is much more to doing a payroll than the simple payrolls we process at the company I work for.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PING –
It’s very useful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal