Learn to do a payroll, starting at square one. Includes: who gets overtime pay and who does not . . . how to process a W-4 and complete the 941, 940, W-2 and W-3 . . . how and when to deposit withheld taxes using actual forms. Double-quiz in each section assures that you master it.

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SKU: 978-1-938741-26-5 Categories: ,

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

Additional information

Book Type

Softcover WorkBook, Online e-WorkBook

Series

Certified Bookkeeper Course Series: Everything you need to study for the national CB exam

  • Complete preparation for the national Certified Bookkeeper exam!
  • Double-quiz in every workbook section assures mastery of every skill!
  • Workbook quiz questions mimic the national exam questions!

 

 

 

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What others are saying

  1. KATHLEEN

    I really liked Payroll, it was very concise and easy to understand. The only part I struggled with was the Records Retention Requirements, just no way I could committ that to memory

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  2. JOHN

    I really enjoyed this course. I currently hold a CPP (certified payroll professional) designation, and I thought this course provided an excellent and concise overview of payroll administration, including wage and hour law and tax withholding. This course is a good primer for anyone looking to get more involved in the payroll function.

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  3. TINA

    I found this workbook to be informative and helpful. You need to read through the sections and take all the quizzes.

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  4. ANN

    good info

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  5. MABEL

    excellent

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  6. AYSE

    My comment for the adjusting entries applies to this section also

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  7. GUADALUPE

    it is an easy book to understan

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  8. LORELEI

    I learned much more than I thought I would in the class. The information was valuable in my current position in that I was able to advise my colleagues in such matters as taxes, payroll deduction, their rights under the law.

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  9. RALPH

    Helped to sharpen my payroll skills even better.

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  10. NINA

    good information

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  11. PATRICIA

    Excellent source of information. Would highly recommend this text for learning purposes, has great exercises at the end of each chapter to test and help you learn

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  12. CHERYL

    Excellent learning experience, although I have done payroll for years I did learn things that I was not aware of. I would have liked to seen salary exempt employee laws covered a little more since this is a status that seems to be abused by employers on a regular basis.

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  13. SOL

    Easy to follow material. The exercises are very good.

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  14. SHEILA

    Always interested in Payroll. The Payroll book was very informative and interesting.

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  15. JEMIL

    Above expectation

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  16. NANCY

    a little more detail than necessary

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  17. SURINDER

    5 Star

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  18. MARY

    The Payroll rules changed extensively while taking this course. There should be updates added as a supplement to the basic course.

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  19. DEBORAH

    same as my review for adjusting entries.

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  20. MARY

    Would like to take the class online.

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  21. DENISE

    very good examples although I seemed to have found other ways to do the math and often came up with the wrong answer. Without knowing what I got wrong on the exam I have no way of studying what I did wrong.

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  22. LYNETTE

    Good coverage on payroll issues. Examples were relevant. Good refresher if payroll was not new.

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  23. DWAYNE

    I’m working on it.

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  24. SUSAN

    workbook easy to understa, but its a pain in the neck physically getting to the testing office.

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  25. MELISSA

    Very informative across the board. Good examples.

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  26. PAMELA

    This course is in depth and does not leave out anything regarding payroll and procedures. Go back to it and use it as a guide when needed.

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  27. CHERYL

    The course was very well designed. The material was interesting, and I find it to be very helpful in my job.  The course also serves as excellent reference material at work.

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  28. RUTHVEN

    Study material covered all the relevant “real-world” topics to prepare students for payroll assignments.

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  29. TERESA

    Payroll is an easy-to-use and understandable payroll process. It is presice and to the point and gives you all the necessary steps in completing payroll. I absolutely love these publications and would highly recommend them to accountants and non-accountants alike. A wonderful addition to any library for both personal and business. I appreciate your good work. Thank you very much

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  30. SUE

    I did get through it, and learned a lot, but the presentation was confusing to me. At the time I was doing the work, it occurred to me that perhaps a technical writer could have made the course more user friendly.

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