ACCT 218 — Payroll Accounting
Prerequisite(s): ACCT 211 with a minimum letter grade of C. This course introduces the subject of payroll by presenting the federal and state rules and regulations governing employment, compensation, and payroll taxes. It takes the student step-by-step through the entire payroll process – from timekeeping, computation of gross earnings, and determining federal income tax and other payroll tax withholdings; to preparing and distributing the payroll; to recording or accounting for wages, tax liabilities, and payment or deposits. Students will also learn to use a 10-key calculator in this course. Lecture 3 hours per week. SP