91福利社

Payroll Accounting — ACCT 1206

1. Course Description
   • Credits: 2.00
   • Lecture Hours/Week: 2.00
   • Lab Hours/Week: 0.00
   • OJT Hours/Week: 0
   • Prerequisites:
     • ACCT 1010: Principles of Financial Accounting I
   • Corequisites: None
   • MnTC Goals: None
   This course covers the various payroll procedures of federal laws pertaining to computation and payment of salaries and wages, and the reporting requirements for various state and federal agencies. Topics include coverage of the Federal Fair Labor Standards Act and other federal laws, preparation of journal entries, payroll registers, and employee earnings records, calculation of social security and federal income tax withholding, coverage of state and federal unemployment compensation taxes, preparation of federal and state payroll tax forms and reports, and knowledge of federal payroll tax deposit requirements. Prerequisite: ACCT1010
2. Course Effective Dates: 8/24/14 – Present
3. Outline of Major Content Areas
   As noted on course syllabus
4. Learning Outcomes
   1. Identify and analyze federal payroll laws pertaining to payroll activities.
   2. Outline the major provisions of the Fair Labor Standards Act.
   3. Using a variety of methods, calculate employee gross wages including regular and overtime pay.
   4. Compute withholdings for federal and state income tax, social security tax, and other items such as health insurance premiums, savings bonds and union dues.
   5. Prepare federal forms 940, 941 and Schedule B, W-2, W-3 and W-4.
   6. Prepare payroll registers, employee earnings records, and journal entries to record payrolls.
   7. Calculate and record employer's payroll tax expenses including employer's FICA and unemployment taxes.
5. Minnesota Transfer Curriculum Goal Area(s) and Competencies
   
6. Learner Outcomes Assessment
   As noted on course syllabus
7. Special Information
   None noted