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
GENTJANA –
Great book! I recommend to everyone interested in accounting !
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MYRNA –
Explanations and Examples are clear and easy to understand. There are examples for every topic and it helped me understand more the meaning of the subject matter. Thank you.
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GRACE –
Well done.
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LUIS –
The material included was exceptional!
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DANIELA –
Great course
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LORI –
Excellent workbook to help you review
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YUSMERITH –
Excellent
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MARIA –
I am very satisfied with your course. Excellent!!
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ANGENLINA –
This book was really informational. I feel I got more out of this book than I did a full 16 week payroll class.
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ANNETTA –
It is because of this course that I was able to obtain a perfect score on this portion of the exam. 🙂
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MARY –
Very indepth coverage of payroll as well as HR/labor laws.
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LYDIA –
Love the class and the professor
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RACHEL –
I like the book.
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ERNESTO –
Excellent and practical book.
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JULIA –
five stars!! Good written and great explanations. Very exited for further book purchases in the near future to continue my education! Thank you!
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GNENESSION –
I learned a lot of basic concepts of payroll. It’s excellent. I don’t have no particular review to make.
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RUPALI –
very helpful
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YIM –
the course contents are easy to understand and precise. I would continue to take some other courses and would expect their contents to give more examples of how to manage it practically.
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LORRAINE –
GREAT
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JOSE –
Excellent material
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