Apr 13, 2021
ACCTG 145 - Business Taxes and Payroll Accounti 5 Credits
Covers the requirements and laws in payroll accounting and related taxes: income tax, social security, unemployment and Washington industrial insurance. Introduces students to the current changes in payroll taxes and complete the automated payroll program as the capstone course project.
Course Note Recom: ACCTG 121.
Designed to Serve Students desiring an AAS Degree in General Business specializing in accounting.
Active Date 2012-09-28
Grading System Decimal Grade
Class Limit 28
Contact Hours: Lecture 55 Lab 0 Worksite 0 Clinical 0 Other 0
Total Contact Hours 55
ProfTech Course Yes
Restricted Elective Yes
Introduction to payroll tax processing and the laws that govern and regulate payroll accounting. Research current payroll tax laws and complete a computerized payroll project as the final capstone project.
Student Learning Outcomes
Identify the various laws that affect employers in their payroll operations. Examine recordkeeping requirements. Describe Human Resources Department employment procedures. Understand personnel records uses by businessess and identy and be able to create a payroll register.
Understanding of Laws Related to Taxes such as the Fir Labor Stanmdards Act. Define and describe the records collected for payroll data.
Explain coverage under the Federal Income Tax Withholding Law. Explain the type of withholding allowances. Compute the amount of federal withholding and understand reporting requiements.
Describe the basic requirements for classification as an employee versus a contractor. Compute the federal unemployment taxes. Prepare manual payroll and computerized payroll using registers, earnings records, journals and various quarterly and yearly tax forms.
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