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
PATRICIA –
Very practical and easy to understand
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MILAZIM –
It is ok.
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YVONNE –
The workbook thoroughly covers payroll.
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RODNEY –
I knew nothing about payroll. I did both payroll I & II. Now I have a better understanding of the basics. Doing the word problems in the quizzes helped a lot. I felt the time I spent was worth it and the price is reasonable. The final tests were challenging. They are quick to grade and return your results and you get a certificate of achievement.
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SANDY –
There were areas I found confusing and wished I could have received some support from AIPB. Also, NOT knowing which questions I missed on the Final Exam left me unable to further study and master those areas. It would be very helpful to know what area(s) needs more studying/mastering.
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JOLENE –
Excellent information, well formatted, problems very helpful. More HR information as it relates to payroll may be helpful.
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JANINE –
The payroll course was very thorough covering many of the federal regulations, requirements and restrictions. It was a great refresher course on knowledge that an accounting professional should already have.
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MONISOLA –
Mastering Payroll book makes the payroll issues simple and easy to understand. the subject itself has so many information that are closely related and sometimes difficult to distinguish one from another. However book if gone through it many times enough is sufficient to pass the exam
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SHULING –
Fundamental introduction to payroll process and regulations and payroll taxes.
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JENNIFER –
Learned tons even though I have done payroll for years this class was very informative and will help me with my future business in devours.
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TERECITA –
Difficult to follow with all of the payment rules, dates, exceptions, etc. But that is the nature of payroll!
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