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
DIANE –
Book easy to understand. Would like online course to go with book.
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LUISITO –
Even though if you’re not doing the payroll, the explanation are concise and direct to the point. The sample forms are very helpful.
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SEIDAH –
The course was a good stepping stone for when I took the Fundamental Payroll course for the FPC certification. This coursework contributed to my understanding for the FPC.
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CAONABO –
Payroll is a great book. which covers the most important topics to get you started.
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LISA –
Good Information
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SUSAN –
Very good coverage of federal payroll law. I live in California, so I needed extra materials.
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MIGUEL –
Too many things to deduct and ad lately, were to allocate them is the issue
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HEATHER –
Very informative and easy to follow.
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STEPHEN –
Very good class, but I have been too busy to take the test. Still studying when I get the chance.
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SUE –
Took the Prometric Exam for Payroll this morning. The text and the course as taught at Howard Community College (Bis Bradley) adequately prepared me for the exam.
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DEBRA –
A couple of the questions were not clearly worded
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FARHANA –
The textbook is good. It will be better if there were few sections more on federal and state deductions and calculations.
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MICHAEL –
The books are comprehensive and thorough, and capable of preparing one adequately for the duties of payroll (and payroll-specific examinations) if one puts in the necessary time to read and study.
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