ACCTG 145 - Business Taxes and Payroll Accounting

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 Recommended ACCTG 121 or ACCT& 201
FeesCF

Quarters Typically Offered
Summer Online
Spring Online

Designed to Serve Students working toward an AAS Degree or certificate in General Business, Accounting, or related fields. .
Active Date 20200330T21:14:07

Grading System Decimal Grade
Class Limit 28
Contact Hours: Lecture 55
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
Course Outline
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
Student’s will accurately identify the various tax laws and record keeping requirements that are associated with employer’s payroll operations

Students will accurately describe the records used to collect payroll data using the Fair Labor Standards Act as a guide.

Students will accurately calculate regular and overtime pay and account for selected withholdings from paychecks

Students will accurately calculate the withholding of federal and state income taxes from personnel earnings.

Students will accurately describe the employer payroll tax responsibilities and reporting requirements

Students will accurately complete a full-spectrum, computerized payroll project based on a real-world company