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
DONA –
VERY INFORMATIVE AND EASY TO UNDERSTAND
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KELLY –
very informative and easy to learn. I would like to see more books to choose from like Financial Statement writing.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KERRIANNE –
Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
VIJAYALAKSHMI –
Very good book. Easy to understand
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
Anonymous –
Very good and up to date on the changing payroll laws
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KHALID –
very good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
FRANK –
Very detailed and thorough
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JUDY –
Took in 2003. Was fine course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LYNELL –
This was very good because most of the formal accounting courses do not go into such details and examples.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JEAN –
This is very helpful and very understanding. If I have to grade the course I will give an A+.+++++
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
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.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DARLICE –
This course provided current information about payroll. It was detailed, which is necessary to process payroll.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHERRY –
This assessment and wealth of information I have received is definitely beneficial with my career.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
EVA –
The way and order the material was presented was confusing at times. Especially the sections on payment submitting and tax reporting.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LAURA –
The payroll piece was very helpful in strengthening my knowledge in the payroll activities.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ADRIANA –
The Material is practical and you can dominate the subject very fast
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARTINS –
The content of the textbook is well covered as regard to payrol function. It has help me so much in perfoming my duty as a bookkeeper. I still consult the book for references.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TOICHIRO –
Still I feel I couldn’t digest whole materials. But it was well explained for complicated payroll course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KIMBERLEE –
Solid review with common sense as well as legally conforming requirements. Helpful for those people who outsource payroll but need to understand the laws and rules for accrual and processing purposes.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AMITABH –
Simple and Great
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
STEPHANIE –
Satisfactory review of basic payroll. More information on s-corp health insurance and other types of benefits that affect payroll would be a great addition.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TROY –
Really great course. I thought it was challenging, current and understandable. I enjoyed the process and had a quick turnaround with my exam results. I am disappointed, however, that any certification I receive through this process is not recognized or allowed in the State of Idaho. I would like to see a states level certification similar to the federal level certification for tax preparers. Other than that, great program
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SADAF –
Perfect self study material. Step by step instructions
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AUGUSTINE –
Payroll made simple. Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AUGUSTINE –
Payroll made simple. Very informative
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
VINCENT –
Payroll is not covered very well in undergrad accounting classes,and most of the function is outsourced. I found this course to be a good supplement.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SAMANTHA –
On the exam, there was at least one question where the correct answer was not listed.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NORAH –
Ok
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal