ACCT 135 - Business Payroll Tax Accounting

3 CR

Examines systems and operations of payroll tax accounting. Students learn to prepare Form 941, 940, and W-2. The use of software such as Microsoft Excel is incorporated into the course. Topics include the Fair Labor Standards Act and Social Security Act.

Recommended: ACCT 101.
Course Outcomes

Apply federal and state laws that affect employees and employer’s payroll operation.
Record payroll transactions in compliance with GAAP.
Compare and explain different methods of wage determination.
Prepare payroll forms required by the state and federal government.
Demonstrate payroll knowledge by manually completing and describing the payroll cycle.
Apply payroll competency by completing a project using a computerized payroll program.
Evaluate the effect of employee benefits, withholdings and wages on the accounting equation.

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