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
MICHAEL –
The first time I studied this course I was able to immediately start doing freelance payroll work with total confidence. I’ve earned thousands of dollars each year just because of studing this one course. Thorough, practical, comprehensive and easy to understand and apply. I recommend this course 100%. Thank you AIPB.
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MARYANN –
Taught me information I thought I knew but realized some of my thought were incorrect.
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PAMELA –
Payroll is always changing and this is a great workbook for beginners.
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JEANNINE –
I really enjoyed the payroll course. We use an automated payroll package at work so almost everything is handled by the payroll company. As the backup employee for payroll, I only need to know the proper steps to process weekly payroll. The course was beneficial because now I know the details and foundation for the deductions and various taxes. Thank you.
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JONI –
I have not yet taken this exam, but this workbook left me doubting the likelihood that I will. The amount of information pertaining to amounts, rates, and dates from over a decade ago is overwhelming. I can only hope that all of the contents of this workbook are not on the exam.
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VICTORITA –
I am very happy with the all the courses
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SIMONA –
Great reading material
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PAMELA –
Great information, very straight forwa, easy to understand and use.
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DOUG –
Good.
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YANG –
good
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MARILYN –
Extremely boring but very thorough.
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KATHY –
Easy to understand. Very knowledgeable, even the experienced will gain from this course. Examples given are applicable to problem solving.
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FATIMA –
Book was very useful
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MARLENE –
Very thorough, updated and concise
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AMAYA –
Very informative. Gives you everything you need to know.
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BETH –
Very informative with easy study quides as far as using the pre tests to study.
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KELLY –
very informative and easy to learn. I would like to see more books to choose from like Financial Statement writing.
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KERRIANNE –
Very informative
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VIJAYALAKSHMI –
Very good book. Easy to understand
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KHALID –
very good
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LYNELL –
This was very good because most of the formal accounting courses do not go into such details and examples.
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DENISE –
This was a good course for some one that has little or no payroll experience. I wish it would have covered more of the advanced payroll situations…I sure that some of which would be be in the Payroll 2
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JEAN –
This is very helpful and very understanding. If I have to grade the course I will give an A+.+++++
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HEATHER –
This is my least favorite topic in general… I am sure the material was excellent, but it was difficult to remember that he data was based on not current rates/rules, etc.
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ANNETTE –
This course was extremely beneficial. I took this course several years ago and still refer to the course material at times and share it with my payroll staff.
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DARLICE –
This course provided current information about payroll. It was detailed, which is necessary to process payroll.
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SHERRY –
This assessment and wealth of information I have received is definitely beneficial with my career.
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EVA –
The way and order the material was presented was confusing at times. Especially the sections on payment submitting and tax reporting.
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LAURA –
The payroll piece was very helpful in strengthening my knowledge in the payroll activities.
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ADRIANA –
The Material is practical and you can dominate the subject very fast
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