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
TAMMIE –
Very informative and helpful.
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ANNE –
Very thourough.
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KATHRYN –
Very in depth book. Covers everything and includes copies of all forms in the back, as well as a glossary. Most challenging of the series, in my opinion.
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TIM –
It was pretty easy to follow
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YU –
Great materials! Kudos to the writers of this book.
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JOAN –
The payroll material provided great wealth of information.
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MIGUEL –
Rules and norms Federal and state very interesting for application in payroll.
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RONALD –
Great!
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GUILLERMINA –
I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!
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ANN –
This course had a great deal of information and had many dates to remember for filing.
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KAREN –
I think it would be a great idea if AIPB had flash cards for this book. This book had a lot of concepts that would work well with flash cards. I made my own flash cards for this book.
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KAREN –
I think it would be a great idea if AIPB had flash cards for this book. This book had a lot of concepts that would work well with flash cards. I made my own flash cards for this book.
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SILVIA –
The information is very clear.  I like the examples & the practice test.
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SONDRA –
Great course
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RONALD –
Simple and straight to the point
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GABRIELA –
Great.
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NARDO –
It is a great course
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