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
KIMBERLY –
Probably the most challenging to keep up-to-date. Covers the basics very well.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LARI –
Not what I thought it was going to be.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ZHENYUAN –
Need something about software.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KELLI –
Learned a lot of new things in this one, which sure surprised me!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MICHALE –
It has been a few years but all I felt it was a very good review and explained things to where it was easy to follow. The practice exercises help reinforce the material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SUSAN –
I really LOVED this book in particular. I finished it and felt like I really knew the IRS regulations, forms, deadlines, etc. GREAT JOB!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MALATHI –
I learned all the basic structures of W2.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NANCY –
I got 100% so I guess I’ll rate it 5 stars!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DIANE –
I found this a bit confusing between Federal and State regulations and law.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
STEPHANIE –
I found it to be very informative and helpful. I love the format of instuction then actual problems to work out. Everything was explained for full understanding
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BETH –
great summary – Wish more depth could be added
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NADINE –
Great course. I had previously had experince with payroll, but this really gave me more, knowledge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SALLY –
Good review of what I already knew.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAMELA –
Good refresher course for someone with 30 years of payroll experience
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CHRISTINE –
Good practice in the basics even for someone who is just a liaison between the employer and a payroll company. Payroll regulations are ever-changing so one cannot rely totally on the workbook for information regarding law. However, the processes don’t change.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHERRY –
Good information. Would be helpful to have a resource that mirrors QuickBooks.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MS –
GOOD COURSE
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DIANE –
Good beginning information on payroll. Would like more practice assignments in each section.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
STEVE –
good and to the point. I use it as a reference often.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PING –
Good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBBIE –
Good
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARSHALL –
execellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KAREN –
Exactly what I expected – fun with numbers and calculations.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SARAH –
Complete payroll review
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JENNIFER –
Adequate
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MELVIN –
A thorough course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBRA –
This course is comprehensive and lets you practice your skills
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHIRLEY –
Great guide for explaining payroll basics in simple terms. Would like to see books developed that are stste specific
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
WHITNEY –
Great source for learning basic payroll.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHAMESE –
All the self study materials I’ve used so far have been straight to the point, and not giving more information than necessary. The double quiz at the end of each chapter reinforce the points that should be remembered. Would definitely recommend AIPB for any self study they offer.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal