2021 PR101-201 Brochure - 5
Payroll 201: Payroll Administration
COURSE OUTLINE
Are They Employees? (1.0 hour)
- Federal income tax
- Social security
- Form 941
* Immigration Reform and
Control Act of 1986
- Resident/nonresident alien status
- Reconciliation
Introduction to Benefits (4.0 hours)
- I-9 process
* Annual reporting - Form W-2
* Affordable Care Act
- Using E-Verify
- Reconciliation/IRS and SSA
Paying Your Employees (6.0 hours)
- Applicable Large Employer
reporting
* Electronic reporting
* Review of the FLSA
- Forms 1095-C and 1094-C
* White collar exemptions, including
the $684 weekly salary
- Employer shared responsibility
penalties
* FLSA and your employees
* FMLA issues
- Calculation of pay
- Eligible employees
- Identification of hours worked
- Intermittent leave
Deductions From the Employee's Pay
(2.5 hours)
- Effects of company policies
- Health benefit continuation
* Voluntary assignments
* FLSA issues for hospitals and
governmental organizations
* Cafeteria plans
* Involuntary deductions
* Employee/non-employee
* Withholding tax issues
- Plan and participation
requirements
* Federal income tax issues
- Benefits
- W-4 issues
- Flat rate method vs.
aggregate method
- Election revocation
- Flexible spending accounts
* Quarterly reporting
* Corrections
- Identification and
making corrections
- Forms W-2/W-2c, W-3c,
and 941-X
- Child support withholding
- Tax levies
- Garnishments
- Student loans
* Dependent care assistance
programs
- Bankruptcy orders
* Retirement plans
Your Payroll System (2.5 hours)
- Defined benefit plans
- Defined contribution plans
* Understanding the processes
in the system
- Higher Medicare tax rate
- Deferred compensation plans
* Selecting a system
What Compensation Is Subject
to Taxation? (5.5 hours)
- Nonqualified deferred
compensation plans
* Ongoing review and maintenance
* IRS definition of wages
* COBRA
* Employee/manager self-service
* Taxation issues
* Sick pay
* Security and controls
- Nontaxable fringe benefits
Unemployment Taxes (1.0 hour)
Payroll Accounting (0.5 hour)
* Taxable fringe benefits - valuation,
reporting, and withholding issues
* Federal unemployment tax
* Other payment taxation issues
(identification, timing, recording,
reporting, and withholding)
- Tax rate and wage base
* Social security/Medicare issues
- Wage base and tax rates
- Related corporations/
common paymaster
- Backpay awards
- Employer-paid taxes/
gross-up issues
- Loans
- Stock and stock options
- Tips
* Overview of taxation issues
when paying aliens and U.S.
citizens abroad
* Covered wages
- Deposit rules
- Reporting on Form 940
Depositing and Reporting Tax Issues
(3.0 hours)
- Wage and hour restrictions
* Disaster recovery
* Components of financial statements
* Control source documents
* Reconciling general ledger payroll-
related accounts
Managing Your Payroll
Department (2.0 hours)
* Management/planning skills
* Social Security Numbers
- Ethics and accountability
* Employer Identification Numbers
- Identifying/improving your
management skills
* Electronic Federal Tax
Payment System
- Building your leadership skills
* When to deposit
Payroll's Future (1.0 hour)
- Form 941 taxes
* Emerging technologies
© 2020 API Fund for Payroll Education, Inc.
2021 PR101-201 Brochure
Table of Contents for the Digital Edition of 2021 PR101-201 Brochure
2021 PR101-201 Brochure - 1
2021 PR101-201 Brochure - 2
2021 PR101-201 Brochure - 3
2021 PR101-201 Brochure - 4
2021 PR101-201 Brochure - 5
2021 PR101-201 Brochure - 6
https://www.nxtbook.com/americanpayroll/americanpayroll/21_PR101-201_Brochure_010521
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