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
DEBRA –
Very good, states Federal law it would be nice to have a course on state law
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ALVIN –
Payroll workbook was very informative.
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AMY –
Need interactive online study materials
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BASURAM –
Good knowledgeable
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PATRICK –
This book was very informative. It was also up to date with the tax laws that constantly change.
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JOANNE –
The AIPB courses are excellent
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SUZANNE –
I used this course as a review. I found the that nags and knew as well as those that I needed a refresher on. Good course.
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ANDREW –
I did not take the course for cpe credits. The book has been a great reference tool with real life samples for the everyday accountant or bookkeeper.
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TIMOTHY –
Great
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RHONDA –
Good text.
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NIGEL –
Excellent reference manual
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MAGDY –
A heavy course full of information, but it needs more real examples particularly with filling form 941, as the book only example is very basic, however in real life and in exam it is more complicated. I suggest adding more examples or quiz numerical questions on that
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SHAUN –
,I like the quizzes, and the examples are well written.
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TAMMY –
Book was up to date and easy to understand
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ABOL –
I thought I had very good experience with the whole process every since I request it or order it. I received it within limited amount of time. I am so glad I did it so thumb up five stars. Thanks.
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JULIE –
Very thorough, however the test had several form questions on it that weren’t tested in any of the quizzes or final in the book
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MERLIN –
I obtained an updated information on labor law.
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SHEELA –
The Payroll book was very helpful. I have not taken the Payroll and Depreciation exam yet, but in terms of clarifying the forms that need to filled out and when, it was great. It would be very helpful to include some kind of chart that can be referred to with the forms and deadlines.
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TAMARA –
Excellent preparation for the exam!
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RASHMIBEN –
Very thorough & to the point book. I gained very good knowledge and understanding of this skills. It is really helping me for my current study.
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JANE –
Very thorough and most helpful.
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JOANN –
It is too bad that there are so many differences in the way the various state taxes are done – would be nice to include some of that too but it would be very difficult to do.
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JOSY –
Good resource to understand about payroll, I get more information than I knew before. For payroll calculation practice it is really fun.
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JANINE –
ok
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MD –
excellent and learned lot of things .
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NATHANIEL –
4.5 Stars. Would like more references or links listed for state unemployment tax and state revenue departments in an appendix.
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ANGEL –
Very useful, practical, and pretty straightforward.The workbook is well organized and structured. Easy to read. Most of all, is a very practical book.
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SAUL –
It’s really completed
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TODD –
It was very useful
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RAM –
It was excellent .
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