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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  1. SHAUN

    I thought it had a lot of great info and concepts.

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  2. XIN

    Explained pretty clearly with good exercises

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  3. CATHERINE

    Generally well presented. But there were a few typos that through me off: 1. Page 53 = says MUST Obtain as heading, but then it says “should” review for SS# card. 2. Page 66, Prob III, Q5: 3rd day on the job (as per p. 56). Why is answer days? 3. Page 96 typo. it should be Fri Sept 1, not 5

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  4. MARIA

    Excellent.

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  5. ATHENA

    There is a lot of information in this course. I do feel that the chapter could have been put into a better order; at times you read about something the next chapter or chapter after taught on. Overall I think it was very nicely composed.

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  6. MATT

    Good book. It was helpful

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  7. MUHAMMAD

    Course curriculum its really professional. Its recall my mind which I had study before.

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  8. SHERRY

    It was mainly good, I felt some of the questions were trick questions. However, the material was easy to follow, and I felt I truly understood each section. The quizzes helped verify that I did comprehend everything.

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  9. ANN

    Fair

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  10. ISMEL

    All books have being great so far, including Payroll. The one thing I would like to see is a link to the page that has the answer for each quiz question. That would save time trying to locate the page for the answer for those questions we are not so sure about. If the link was on the answer sheet for the quiz that would be nice.

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  11. AISSA

    very helpful

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  12. MD

    For me the US payroll system is new and really glad to say that I know something now.

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  13. ANA

    As a small business owner, I have learned a lot from AIPB payroll course.

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  14. LUCINDA

    The information was clear with a examples that helped define and further explain details.

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  15. RICHARD

    Book and instructor covered material well.

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  16. JOY

    Additional reviews should be completed before distribution

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  17. DAMIEN

    Information clearly written and easy to understand.

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  18. MOHAMMAD

    All material is very well divided. Description is brief and to the point. Examples are simple and easy to understand. End of chapter quizes are very helpful.

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  19. BRANDY

    This book has ALOT of information but it is very helpful to reference when doing payroll or thinking about doing payroll in the future.

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  20. JEAN

    The course is well designed

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  21. MAMIE

    The AIPB does a great job of keeping us informed of all changes. Thank you.

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  22. GISELLE

    Its gives perfect breakdowns/examples to help me understand.

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  23. LINDSEY

    Enough information with out overload.

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  24. CHARLES

    very good

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  25. JANNET

    Very convenience

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  26. LORI

    Good information but I wish there was a section on how to reconcile the payroll to the 941s. Perhaps that info is found in the advanced guide. There was a lot of memorization of dates and such which was tricky.

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  27. BADEWA

    The subject is educating and practical.

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  28. KRISTINA

    Very easy to understand.

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  29. BEVERLY

    Very helpful appreciate it

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  30. MIYUKI

    I took a payroll class in a spring semester and used two books Payroll I and II. It was definitely a useful course. These books provided with many levels questions and detailed explanation how to solve questions. After taking this course, I’m interested in taking tax accounting course.

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