ACCT1070 — Payroll Accounting
Academic Division: Business, Industry and Technology Academic Discipline: Accounting Assistant Dean: Brooke Miller, M.B.A. 2 Credit(s) This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries using appropriate technology. Undergraduate 2 Lecture Hour(s); Required Daily Homework - First half of the term Exam - First half of the term Comprehensive Project First half of the term Explain Federal Income Tax Law Including the employee-employer relationship Daily Homework - First half of the term Exam - First half of the term Calculate Gross Pay for salary and wage employees, including overtime. Daily Homework – Entire term Comprehensive Project - Middle of the term Exam – Middle of the term Compute federal income tax withholdings Daily Homework – Entire term Exams - Second half of the term Compute federal unemployment taxes based on the Federal Unemployment Tax Act laws Daily Homework - First half of the term Exam – Middle of the term Record payroll transactions in the Payroll Register and the employee’s earning records. Daily Homework – Entire term Comprehensive Project - Second half of