Payroll Records & Accounting

Catalog description

<b><font color="7A0018">Begins Fall 2025</b></font><br> This course covers payroll tax laws, computation of payroll taxes, completion of payroll tax forms, and the recording of payroll transactions in the journal. Emphasis is placed on computing gross wages, calculating withholding amounts (such as Social Security, Medicare, income taxes (federal & state), and unemployment taxes); determining net pay; preparing appropriate tax forms with reporting requirements;and journalizing/ posting payroll transactions. Upon completion, students should be able to analyze data, make appropriate calculations, complete payroll tax forms, and prepare accounting entries. Advisory: ENGL-85AC