Payroll calculations – federal income tax, social security, Medicare – Payroll journal entries posted to ledger accounts
What you’ll learn
- Payroll Legislation
- Payroll Forms and Time-Frames
- Payroll Register & Earning Record
- Regular Pay & Overtime Pay Calculation
- Federal Income Tax & Retirement Plans
- Federal Income Contributions Act Social Security
- Federal Income Contribution Act Medicare
- Federal Unemployment Tax Act (FUTA)
- Other Deductions
- Taxes – Employer & Employee
- Employer Responsibilities
- Payroll Expense Journal Entry
- Payroll Taxes Journal Entry
- Payroll Taxes Journal Entry
- Payroll Ethics & Practices
- Payroll Controls & Documentation
- Form 941
- Form 940
- Form W-2 & W-3
- Reconcile Year End Payroll Forms
- Comprehensive Payroll Problem
- Comprehensive Accounting Cycle Problem
- Definitions & Key Terms
Requirements
- We should have a basic understanding of financial accounting and debits and credits
This course includes
- 21.5 hours on-demand video
- 57 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Assignments
- Certificate of Completion
