Online Courses
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Payroll Accounting
Course Code: DED534
School: Distance-Education.org
Description
This course is designed to introduce individuals, entrepreneurs and small businesses to the cost of labor and its related payroll taxes. In some companies, payroll costs represent more than one-third of the operating costs.
The employer is liable for meeting reporting requirements and for the money withheld from employees' wages or salaries and for payroll taxes. This course will focus on the liabilities, the records and control requirements of payroll accounting. Some basic knowledge of Accounting is recommended.
Outcomes
The student's performance will be assessed by the following methods:
1. By performing satisfactorily on periodic tests
2. Ability to complete payroll process
Assessment
Upon completion of this course, students will be able to:
- Calculate employee gross pay, deductions and net pay
- Determine the employer's liabilities for payroll, including liabilities arising from employee earnings and deductions from earnings.
- Prepare Employer's Quarterly Federal Tax Return (941)
- Record payroll and payroll taxes