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
CYNTHIA –
I am just starting this course. I’ve worked with payroll for about 10 years and it’s interesting to see all the aspects of the job, not just what I needed to know.
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JENNY –
Really like the ease of understanding this book has.
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RUBY –
The information on the book is very informative. However, for someone who never had a payroll experience before, I would like to see a case study to process payroll coverting number of hours work to gross pay, taxes withholding and deductions,and to dollar amount that should appear on a paycheck and to generating journal entries for the period.
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MARGARET –
information was detail and explanation was clear.
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AMY –
good basics & review
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ELAINE –
I wish the index were a little more robu, for topic searches post-test. However, I thought the format of the book itself was very good.
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COLLEEN –
I was not very aware of payroll functions and laws and this book helped alot.
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SHERRY –
Taking the test now to send in. Excellent information
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TAFFY –
The Professor made this course a lot easier to understand.
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SHANNON –
The materials were easy to read and simple to retain.
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MELCHOR –
Very useful and spicific. Well done!
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MELCHOR –
Very useful and spicific. Well done!!
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JIFANG –
The book is easy to read and understand.
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DOERTHE –
Very good and very helpful
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BARBARA –
I enjoyed all 6 courses. And was very happy with my new understanding of bookkeeping.
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MARY –
Very sufficient and clear.
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CINDY –
Very informative and a good review resource. Very user friendly and easy to study and test.
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LOUISE –
very good
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MEGAN –
This showed me new information that me and my payroll person were not sure of and now he and I have new knowledge of Payroll. Very helpful!
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RASIK –
Nicely covers the payroll.
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ECHO –
I guess it’s good.
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JEANINE –
Great! I used it for training employees at my business.
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MARY –
Great Course
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CHERYL –
Excellent, informative course.
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DOROTHY –
Easy and detailed information makes it extremely beneficial with this course. I found that the mixture of examples and testing also helped me to understand and retain the information.
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SUZANNE –
Very thorough and complete look “under the hood” at payroll tax accounting. Even though this is done by a payroll service for the businesses for which I keep the books, I want to know the inner workings. This course filled the bill.
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KENDAL –
Very good course
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HELENE –
The payroll was very good. I have done payroll for years via a payroll company and it was a good review of the basics
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HOLLY –
I took this course at the same time that I was working on a CPP course from the American Payroll Association. It is concise, complete and well written. It was a great help with the APA course.
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ANDREW –
Very detailed and hard.
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