21 Progression Series - 4
1
WHAT IS PAYROLL?
The nature and role of the
profession
Objectives of the payroll
department
DETERMINING WORKER TYPE
Types of workers
Making the determination
between employees and
independent contractors
Using Form SS-8
Expatriates, nonresident aliens,
resident aliens
WHAT DO I NEED FROM
AN EMPLOYEE?
Forms I-9 and W-4
Social security numbers
New hire reporting
E-Verify
FAIR LABOR STANDARDS ACT
Exempt and nonexempt
employees
Child labor restrictions
EMPLOYEE WAGES
The federal and state minimum
wage rates
Tips and the tip credit
Shift premiums
Workweeks
Penalties
CALCULATING OVERTIME
PAYMENTS
Regular rate of pay
Overtime premium rate
Piecework and commission
Bonuses
Multiple pay rates
Overtime for salaried employees
DEFINING TIME WORKED
Collecting time worked
Waiting to work
Preparing to work
PAYROLL PRACTICE
ESSENTIALS
Course Outline*
WITHHOLDING TAXES
Form W-4
Federal income tax withholding
- Methods
- Supplemental wages
Social security and Medicare
tax withholding
State and local income and
unemployment tax withholding
overview
Employer-paid taxes and
gross-ups
Deceased employee's
tax withholding
DETERMINING TAX TREATMENT
OF EMPLOYER-PAID BENEFITS
IRS definition of compensation
Taxable/nontaxable compensation
Fair market value
Nontaxable fringe benefits
Prizes and awards
Personal use of company vehicles
Group-term life insurance
Deferred compensation
- Qualified and nonqualified plans
Cafeteria (flexible benefit) plans
Adoption assistance
Affordable Care Act basics
FMLA regulations and
requirements
VOLUNTARY AND INVOLUNTARY
DEDUCTIONS
Voluntary deductions
- Wage assignments
- Charitable contributions
- Overpayments
Involuntary deductions
- Child support orders
- Medical support orders
- Federal tax levies
- Creditor garnishments
- Student loan garnishments
- Federal agency loan
garnishments
- Priority of multiple
withholding orders
© 2021 API Fund for Payroll Education, Inc.
PAYING EMPLOYEES
Pay frequencies and timing
Payment methods
Unclaimed wages
Fraud prevention
REPORTING TAXES AND WAGES
Employer identification numbers
Depositing federal taxes
Form 941 and Schedule B
(Form 941) preparation
Federal and state unemployment
tax overview
Form 940 and Schedule A
(Form 940) preparation
Form W-2 preparation
Form 1099-R
Form 1099-MISC
Form 1099-NEC
PAYROLL ACCOUNTING
Accounting basics and principles
Double-entry accounting
Accounting period
Accruals and reversals
PAYROLL SYSTEMS, AUDITING,
AND RECORDKEEPING
Employee and manager
self-service
Interfaced and integrated systems
Reconciliations and
control procedures
System security
Internal controls and audits
Employee master file
Record retention
THE PAYROLL PROFESSION
Effective communication
Principles of customer service
Keeping up with changes
affecting the payroll department
Data and confidentiality breaches
*Program is subject to change without notice.
4
21 Progression Series
Table of Contents for the Digital Edition of 21 Progression Series
21 Progression Series - 1
21 Progression Series - 2
21 Progression Series - 3
21 Progression Series - 4
21 Progression Series - 5
21 Progression Series - 6
21 Progression Series - 7
21 Progression Series - 8
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