ACCT 1020 Payroll Procedures
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This ACCT 1020 Payroll Procedures course covers many laws regarding recruitment and compensation practices, and the calculation and payment of wages and related taxes. Topics include employment record keeping requirements, payroll preparation, personal income records, tax reports, and other forms required by government agencies. He also introduces the accounting procedures required for the proper preparation of accounting transactions.
Upon completion of this course, students will be able to:
- Explain if salary records are required.
- Calculate wages, salaries, overtime.
- Explain social security tax laws and reporting requirements.
- Prepare Social Security Tax Forms.
- Explain federal income tax withholding laws.
- Prepare a statement and return.
- Prepare federal tax deposits.
- Explain how unemployment tax (federal and state) is calculated.
- Prepare a report and payment.
- Analyze the payroll activity.
- Record and publish records of payroll transactions.
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Some of the relevant courses are as shown below, in which proficient and skilled tutors ExpertsMinds precisely deal with:
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