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
JOE –
Clear and precise.
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NANCI –
Would have liked less attention on form numbers and dates of filing, as that information is included right on the form for the employer. It was good to include the types of forms necessary for employers, though.
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MANAYE –
It is well organized note to explain payroll taxes and documents have to check at hiring process.
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JOYCE –
the material is good but lacks depth in certain areas thus need to consult multiple other materials
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JULIE –
Needs to be updated
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SUSAN –
Excellent and thorough course.
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LYNDON –
Not quite thorough enough, but almost. Too many questions of the proper forms in the exam. I did not concentrate on the names of the forms because that is very easy to research today with a few simple clicks on goole. As a result, I think I missed 5 or 6 questions of the exam from not memorizing names and numbers of forms…
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KRISTI –
Written in an easy to understand format and very informative.
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DAVAUGHNIA –
All of the information in this booklet is very helpful. It helps you keep your knowledge and skills up to date.
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ARIANA –
It is pretty easy to follow as long as you take the time to go through it. Especially if you don’t have much experience with completing a payroll
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