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
KATHLEEN –
Provided basic payroll information. Learned a few new points Took this several years ago and don’t remember anything specific
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DEANNA –
pretty good book. could be more detailed
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BETH –
Liked the format and ease of study.
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GAYLE –
Basics are very good, ever changing
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JAMES –
As with the other bookkeeping courses Payroll was excellent. The writer exposed the student to the most basic elements and made things very clear and understandable and also how important it is to understand payroll to run a successful business. Now if only AIPB would return phone calls everthing would be great.
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NATALIE –
No comment
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ROBERT –
The book is greatly written and easy to understand. I would give it a 9 on a scale of 1 – 10 with 10 be excellent without error.
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KATHY –
Very helpful
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NASEEM –
Very satisfied with this program as well
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KATHI –
very helpful
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AMOS –
This book is very informative. I’m currently studying it and learning so much.
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