In-depth study of payroll accounting. Covers calculations of gross to net pay, federal and state withholdings and deductions, recording of payroll transactions into the accounting records, and filing of federal and state payroll tax forms. Includes a consideration of factors which determine employee versus independent contractor status, and business taxes such as sales and property taxes and their filing requirements.
Required Text/Materials
Landin, J. and Schirmer, P. (2023). Payroll Accounting 2023 (9th ed.). New York, NY: McGraw-Hill.
Prerequisites
None.