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
KENT –
I find all of AIPB’s courses very through and informative. I found the course content easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEANNA –
Good material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LAURIE –
Very informative course. I learned a lot from this for my new position in my company where I am responsible for all aspects of payroll now. I would have never made the transition as easy without the help from this course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CINDY –
Very detailed up-to-date information.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BENEDICT –
This book really helped me understand payroll functions and the tax forms used to remit witholdings to the IRS. I am more confident and looking forward to taking on clients who have employees and use payroll services. I am also looking forward to reading Mastering Payroll II. It will help me be well prepared for my future clients.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CYNTHIA –
I thought the course seemed very thorough and easily understandable. I also appreciated the many problem sets at the end of each chapter. Great job!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ELWALEED –
your courses were very good ,and I still keeping your books as references.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JEANNE –
The course is clear and easy to follow. I am very happy with all the payroll forms that are included in the appendix.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NANCY –
An excellent resource with plenty of examples and guidance!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
GERALD –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KAREN –
self study refresher course did not test
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANTONY –
Excellent way to understand the entries explained in this course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHAWNA –
We outsource payroll – don’t remember it that well
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JANICE –
Great course!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JANICE –
Great course!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CONNIE –
Excellent refresher
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MELISSA –
Excellent information.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARLISE –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
WALTER –
EXCELLENT COURSE
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
VIRGINIA –
Satisfied.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
GAURANG –
Good book but expensive
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TEXYE –
I found this very thorough. I liked that accounting concepts were explained, taught, and reinforced.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PHYLLIS –
I found this to be helpful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JENNY –
Found a few errors in the text, but otherwise very helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AMY –
A great overview of payroll bookkeeping and laws.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MELISSA –
Very informative, I keep it as a reference guide
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NIMFA –
Very good. I just wish you can take the exam online.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LINDA –
Very Good.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AHMAD –
Very good books and easy instruction.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAMELA –
Very detailed about types of “income” that are taxable, limits for gifts, pre-tax benefits, etc. Leaves no guessing.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal