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
THANDAR –
Now I am still studying Payroll for exam. I am a little confuse some laws. I have to study very hard and try to understand well. I think it will need to explain detail to understand well.
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LAMAR –
Very thoroughly; very clear examples. The sample tests are excellent and the key to understanding the material. Got a 97% on the Prometric Certified Bookkeeper exam.
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JULIET –
I still need more time to study the payroll book. So, I will pass the exam. It will be my 4th time to take the exam. Trying hard that I will pass the exam.
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GUADALUPE –
Easy to follow and a lot of examples
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LORETTA –
Covering payroll gave clear understanding of the forms and differences in state laws. I think the course was interesting and will be beneficial to my career change. Teacher was great!
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YUKA –
Great!
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ANNIE –
Informational, but could have been presented better, with more charts and tables. Payroll is already confusing. Continuous long paragraphs about payroll don’t help.
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JULIE –
excellent course
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CRYSTALENA –
Easy to understand
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CANDICE –
I found the information outdated and very unorganized.
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ROSALYNN –
Well written and easy to understand course. The questions in each chapter are so helpful as well.
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MYRA –
The Mastering Payroll book is awesome. The materials are up to date and very well written. The information is easy to understand and retain. I really appreciate these books. I am looking forward to becoming certified.
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NINA –
Not yet
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ANDREA –
Good course to understand the basics of payroll.
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BRUCE –
More information on recording entries from the payroll service. I needed to figure out how to book entries from the payroll service I was using. This a very good course for beginners only
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YANG –
Payroll theory itself is very detailed and complicated. Generally, the book is ok, especially its quizzes focus on the real examples, which might help a lot for a payroll specialist. But there is something wrong with the print which makes the book miss the Quiz problems (P66）
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JOSE –
Great material.
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BRIDGETTE –
Easy to follow, informative, good examples given
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DELIA –
Very informative and clear on the material.
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ANATOU –
I like it! this book is clear, concise and easy to understand.
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CARMEN –
Excellent course, very illustrative
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FAYETTA –
This is excellent workbook with great information I would rate it number (5) star
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YOKO –
The text is very detailed and I like this course very much.
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AMBER –
UGH! This was a very frustrating book & Course. The class seems very archaic and doesnt take into consideration modern tech and how people just dont do it this way anymore. So for me I felt like the books did not do a very good job at providing an idea of what to expect in a modern job.
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JEFF –
It might be beneficial if some examples of IRS letters regarding errors in quarterly filing of Form 941 were presented, and what caused the error, and how to correct the error. Sorry if this is in Payroll II.
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RENATTO –
Easy to follow and understand. Very helpful.
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JOSEPH –
excellent course material to anyone interested in payroll. thanks a lot.
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SAMMY –
The course was excellent
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XIANGHUA –
I need to pay extra attention to master all the information.
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ZULEMA –
Good book. It was helpful
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