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Payroll Practice and Management

GES 409 -- 80 hours

Course Objectives

Upon successful completion of the Payroll course, students will:

• Understand the requirements of classifying employees under the IRC.
• Understand the requirements of classifying employees as exempt under the FLSA.
• Gain knowledge of and skills in federal taxation regulations as it pertains to payroll preparation.
• Proper taxation of wages under state regulations.
• By direct use of publications and forms understand and gain experience in reading and understanding IRS tax requirements, their interpretation and application.
• Learn tax deposit requirements for both federal and the appropriate state.
• Understand multistate taxation.
• Learn how to complete and process the Form W-4.
• Understand supplemental wage taxation.
• Gain knowledge in pay periods and their affect on taxation.
• Gain knowledge of and skills in understanding the basics of each type of fringe benefit covered including qualified and nonqualified deferred compensation, third party sick pay, relocation, and personal use of a company vehicle.
• Proper federal taxation of fringe benefits.
• Understand and gain experience understanding what taxes expatriates and nonresident aliens are subject to.
• Gain knowledge of and skills in understanding the basics of payroll management in a technological environment.
• Understand the requirements for reporting year end information to federal and state government agencies.
• Understand the basics of organizing a year end season in a payroll department.
• Understand and gain experience understanding the resources available to payroll. professionals on the internet and how to access that information.
• Understand the basics of managing a payroll staff.
• Gain knowledge and experience in writing payroll procedures and manuals.