136 pages [55 self-teaching + 81 self-quizzes with detailed answers]
Section 1: Who is an employee? How to classify—and pay—employees, independent contractors, leased employees, temporary help, agency referrals.
Section 2: Federal v. state laws. How to know if your employer or employees are covered by key federal laws. Minimum wage rules. The enterprise test.
Section 3: Paying employees. Who is paid overtime; computations. Paying for nonproductive time (showering, changing, etc.). When you can dock employee pay.
Section 4: Required payroll data. Information, data and forms for each employee. How long to keep each kind of information.
Section 5: Form W-4 and state withholding forms. How it must be completed. When you must reject a W-4. Rules on withholding a flat dollar percentage or dollar amount of tax.
Section 6: Withholding and depositing taxes. How to withhold FICA and federal income tax. The monthly, semiweekly and Wednesday-Friday rules. The “lookback period.” Form 941-X.
Section 7: Filing federal reporting forms. Computing Federal Unemployment Tax (FUTA). Who must file a 940, W-2, W-3, 941 and Schedule B, and 945. Backup-tax rules.
Section 8: When wages are taxable. When wages are earned v. when they are paid. Handling wages paid in January for December work.
Section 9: Other federal and state requirements. Handling the 1099, 1099-MISC, 1099-DIV, 1099-INT, 1099-R, 1096. State unemployment insurance (SUI). Each state’s due dates for filing the state W-2 and distributing copies to employees.
Section 10: Journal entries. How to record salary, deductions and employer/employee payroll expense, payment of taxes, premiums, pension contributions and more.
Glossary of key terms.
Appendix of sample payroll forms with instructions: W-4, 940, 940-Sched. A, 941, 941-Sched. B, 941-X, 944, 945, 945-A, W-2, W-3, W-2c and W-3c, I-9, 1099-MISC, SS-8.
Publisher: AIPB
JESUS –
Excellent.
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CHRISTINA –
Completely satisfied
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TERESA –
Very good review!
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KERI –
Very easy to understand and follow the information.
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IRIS –
Good. Questions were not always clear. Some assumptions were made rather than giving all of the facts.
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RHONDA –
With constant changes in the execution of payroll, primarily IRS, SS, and state requirements, it may behoove business to look into 3rd party payroll service/specialists who focus solely in this area. The coerced internet based reporting and inability to guarantee secure/private transmissions (over the web) continues to put business and all data entered at risk. Nonetheless, this course is practical and as comprehensive as a payroll course can be. It offers numerous sample forms with instruction, links to updated payroll information, and covers the basic entries required to help keep your payroll in line. This course also discusses different types of employee/non-employee status, as well as independent contractor pay. A course beneficial to anyone in business – not just those in the bookkeeping/accounting fields. CPEC’s are available, for this course, towards the CB title/certification as well!
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ALLISON –
There are some errors in this book. They are obvious so you know your answer is correct and the book is not but otherwise its well thought out.
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JIGNASA –
Very detailed, easy to understa, concrete examples and practice questions & exercise with answers makes it even better to understand and gain confidence.
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MEI –
Very clear to identify payroll action.
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JULIE –
This was a very helpful course. It answered all of the questions I had about payroll.
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ALEXANDER –
great explain
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SANDRA –
Excellent
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WALLACE –
I have not taken CB exam yet although I plan to start studying & do quizzes in addition to taking final exam in back of book prior to testing at Prometric.
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ANGELA –
The lessons were explained clearly and adequate problems given; an easy course to complete. It did not go into much details about sick leave, maternity leave, etc. which I think would be in Payroll II.
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MAY –
What I was looking for
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DOREEN –
I haven’t taken the test yet but the course is very good
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CELIA –
The book are very good in explaining and it is very comprehensive.
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CHRISTINE –
Would have liked better line by line instructions for the 941
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EILEEN –
Easy to understand.
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SUSANNE –
Helpful.
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DALE –
Book could use a better explanation of lookback period for a new business especially when they start business after the July start of the lookback period. Also a chart with the payment dates for the monthly and quarterly payments. Also a chart with the due date for 940,*941,944 etc. This course has a lot of dates and something that kind of brings them together for a quick reference would be good.
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AMY –
Very good. Again, straight to the point and well thought out.
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FARHANA –
The books are very helpful. The only thing is that when we order the books we get most of the time the old books for the years 2009 and 2010. Please when mailing make sure to send the current year books.
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NANCY –
I was glad you included copies of all the payroll forms so you could flip to it to understand it better.
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PATRICIA –
Great book. Easy to understand. Lots of examples and explanations.
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CHARLES –
Comprehensive – easy to follow – but when I tested at Prometrics my score was not good as my other tests
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SHAOYAN –
Very nice book! But I hope I can do more exercise questions on this book to help pass the test.
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LEIGH –
Just finished the book & was excellent.
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YOLANDA –
Instructions were clear and the course is practical.
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ELLEN –
Excellent detail on payroll.
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