Learn to do a payroll, starting at square one. Includes: who gets overtime pay and who does not . . . how to process a W-4 and complete the 941, 940, W-2 and W-3 . . . how and when to deposit withheld taxes using actual forms. Double-quiz in each section assures that you master it.

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SKU: 978-1-938741-26-5 Categories: ,

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

Additional information

Book Type

Softcover WorkBook, Online e-WorkBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

 

 

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  1. MARTIN

    Very good book.

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  2. SAMANTHA

    The text book was easy to follow! I enjoyed the course!

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  3. JOANNE

    The quizzes are very helpful in understanding the concepts.

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  4. CATHY

    It would help to get tests back to see what was done correctly & what was missed.

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  5. JIE

    Im still working on it.

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  6. UMA

    Great Course.

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  7. TINA

    A good book for prepping for the exam, but I learned nothing new all though I do a lot of payroll.

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  8. CYNTHIA

    Very informative!

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  9. ALBERT

    Very Good

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  10. JERRY

    This was an excellent course for the beginning payroll clerk/associate and a thorough review for myself!

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  11. TONY

    This section contained a lot of errors.

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  12. SAQIB

    This is the course that really help me because I never had any experience about payroll. This Course is really practical and advance your skills. Information of dates to deduct and submit taxes and their related tax forms are really helped me. My proposal is please add state and local payroll taxes forms with dates.

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  13. MARILYN

    The payroll course was quite informative. I have not tested on this yet, but I’m sure it will enable me to pass. The mistakes in the initial print that require you to flip back and forth to the addendum is inexcusable – especially since something in the addendum was wrong as well.

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  14. SHARON

    The payroll course gave me the information I need to prepare payroll returns and answer questions from employers and employees. I became the “go to” person in our firm for questions regarding payroll.

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  15. SHEANETTE

    love it..payroll is my favorite

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  16. PAULA

    It has been 9 years, but what I can remember the information covered was good.

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  17. MICA

    I found the material to be on point with the current changes, and very relevant to keeping me knowledgeable.

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  18. WILLY

    Excellent

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  19. CHRISTY

    After doing this type of work for a number of years, revisiting the process was helpful.

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  20. DONNA

    very informative, exercises at the end of each chapter were helpful

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  21. GULSHAN

    This course really opened the door for job opportunity. My supervisor is happy with my job performance.

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  22. NANCY

    good course content

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  23. YVONNE

    Excellent Course! A must because it takes you through the whole process.

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  24. TIFFANY

    easy read and very informative

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  25. WANDA

    Don’t know how well I did in payroll, but understand the details for processing.

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  26. JULIA

    Clear and concise.

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  27. LINDA

    Very good, went over most of the basics

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  28. LINDA

    Very good, went over most of the basics

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  29. JUDY

    Very good

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  30. JEAN

    Very complete. I never received the answers to incorrect problems after I submitted the completed final exam to AIPB.

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