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
ROD –
This review book could have more examples in it.
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SHERRY –
This book did help me to master payroll!
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SUSAN –
There are always times when a refresher is in order, and the information keeps you current on the understanding of payroll
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WENDY –
The course material was informative and well paced.
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MONICA –
The book was clear and to the point. I think it prepared me well to take the payroll text. The examples and quizes made it easier to understand the material and remember the important points.
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SWAN –
Taught me a lot a payroll.
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CHARLES –
Still working on studying this book. Have been very happy with the books put out for studying for the exams. They have been very helpful and easy to undertand. The exams are very helpful as well.
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DAVID –
Satisfactory study guide
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KIMBERLY –
Probably the most challenging to keep up-to-date. Covers the basics very well.
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LARI –
Not what I thought it was going to be.
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ZHENYUAN –
Need something about software.
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KELLI –
Learned a lot of new things in this one, which sure surprised me!
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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.
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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!
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MALATHI –
I learned all the basic structures of W2.
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NANCY –
I got 100% so I guess I’ll rate it 5 stars!
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DIANE –
I found this a bit confusing between Federal and State regulations and law.
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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
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BETH –
great summary – Wish more depth could be added
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NADINE –
Great course. I had previously had experince with payroll, but this really gave me more, knowledge.
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SALLY –
Good review of what I already knew.
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PAMELA –
Good refresher course for someone with 30 years of payroll experience
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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.
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SHERRY –
Good information. Would be helpful to have a resource that mirrors QuickBooks.
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MS –
GOOD COURSE
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DIANE –
Good beginning information on payroll. Would like more practice assignments in each section.
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STEVE –
good and to the point. I use it as a reference often.
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PING –
Good
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DEBBIE –
Good
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MARSHALL –
execellent
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