Chapter 1 - Payroll Management
Payroll Cycle Duration
Streamlined Timekeeping
Electronic Payments
Employee Self-Service
Manager Self-Service
Transaction Error Analysis
Staff Training Program
The Payroll Calendar
Information Confidentiality
Chapter 2 - Definition of an Employee
The Employee Defined
Employee Withholding Liability
The Independent Contractor Designation
The W-2 Contractor
The Salesperson Designation
Employees of Exempt Organizations
Ministers
Employee Scenarios
People in Business for Themselves
Family Employees
Chapter 3 - Employee Time Tracking
Time Tracking Scope
Employee Exclusions
Data Collection Scope
Handwritten Time Sheets
Time Cards
Computerized Time Clocks
Biometric Time Clocks
Web-Based Time Tracking
Smart Phone Time Tracking
Time Keeping Methods Usage Grid
Automated Time Tracking Reminders
Chapter 4 - Employee Compensation
The Difference between Salaries and Wages
The Work Week
Compensation Definition
Supplemental Wages
Commission Calculations
Commissions Based on Cash Receipts
Final Commission Calculations
Employee Business Expense Reimbursements
Golden Parachute Payments
Hourly Rate Plan
Idle Time
Overtime Pay
Payments in Kind
Piece Rate Pay
Salaries Paid for Partial Periods
Sick Pay
Tips
Vacation Pay
The Minimum Wage
Chapter 5 - Employee Benefits
The Provider and Recipient of Benefits
Adoption Assistance
Athletic Facilities
Cell Phones Provided by Employer
De Minimis Benefits
Disability Insurance
Educational Assistance
Employee Discounts
Flexible Spending Accounts
Health Savings Account
Leaves of Absence
Life Insurance
Lodging on Business Premises
Meals
Medical Insurance
Medical Insurance - COBRA
Moving Expense Reimbursement
No-Additional-Cost Services
Pension Plans
Retirement Planning Services
Stock Options
Stock Purchase Plans
Transportation Benefits
Tuition Reduction
Vacation Benefit Reporting
Workers’ Compensation Insurance
Working Condition Benefits
How to Value Benefits
Rules for Withholding, Depositing, and Reporting Benefits
Benefit Authorization Form
Taxability of Benefits
Chapter 6 - Payroll Deductions
Deductions for the Corporate Benefits Package
Deductions for Payments to Third Parties
Deductions for Financing Repayments
The Reduction of Deductions
Garnishment Processing
Deduction Management by Employees
Chapter 7 - Payroll Taxes
Income Tax Withholding
Social Security Tax
Medicare Tax
Calculating Withholdings
Earnings Not Subject to Payroll Taxes
Employee Taxes Paid by the Employer
The Earned Income Credit
Tax Deductions for the Self-Employed Person
The Common Paymaster Rule
Payroll Taxes for a Successor Employer
Payroll Taxes for Part-Time Employees
State Payroll Taxes
Totalization Agreements
Chapter 8 - Tax Remittances
Types of Tax Deposit Schedules
Monthly Deposit Schedule
Semiweekly Deposit Schedule
Federal Unemployment Deposit Schedule
$100,000 Next-Day Deposit Rule
Accuracy of Deposits Rule
Deposits not on Business Days
Remittance Method
The Form 941 Quarterly Federal Tax Return
Form 941 Discrepancies
Prior Period Adjustments
Federal Tax Deposit Penalties
Trust Fund Recovery Penalty
State Tax Remittances
Local Tax Remittances
Chapter 9 - Unemployment Taxes
Responsibility for Unemployment Tax Payments
FUTA Tax Calculation
FUTA Tax Deposits
FUTA Tax Payment Timing
FUTA Tax Reporting
State Unemployment Taxes
Unemployment Benefit Claims
Calculation of the State Unemployment Tax Rate
Voluntary Unemployment Contributions
Transferring an Unemployment Experience Rating
Chapter 10 - Payments to Employees
Payments with Cash
Payments by Check
Payments by Direct Deposit
Payments by Pay Card
Flexible Spending Account Debit Cards
Unclaimed Wages
IRS Letter Forwarding
Chapter 11 - Accounting for Payroll
The Accounting Journal Entry
The Chart of Accounts
The General Ledger
The Payroll Journal
Where to Record Payroll Transactions
Types of Payroll Journal Entries
Primary Payroll Journal Entry
Accrued Wages
Accrued Bonuses
Accrued Commissions
Benefit Payments
Accrued Benefits
Stock Subscriptions
Manual Paycheck Entry
Employee Advances
Accrued Vacation Pay
Tax Deposits
Payroll Information in the Financial Statements - Wages
Payroll Information in the Financial Statements – Payroll Taxes
Chapter 12 - Payroll Reports
Payroll Register
Form W-2
Form W-3
Corrections to Forms W-2 and W-3
Form 1099-MISC
New Hire Reporting
Chapter 13 - Payroll Recordkeeping
The Employment Application
The Employer Identification Number
The Social Security Number
Employment Eligibility Verification
The Withholding Allowance
The Personnel File
Mandated Document Retention
Chapter 14 - Payroll Procedures
Forms: The Timecard
Forms: The Paycheck and Remittance Advice
Procedure: Add an Employee
Procedure: Timecard Data Collection
Procedure: Commission Calculation
Procedure: Process Payroll
Procedure: Issue Payments to Employees
Chapter 15 - Payroll Controls
General Controls
Payroll Calculation Controls
Cash Payment Controls
Check Payment Controls
Direct Deposit Controls
Self-Service Controls
Garnishment Controls
Employee Advances Controls
Vacation Pay Controls
Chapter 16 - Payroll Measurements
Payroll Entries to Headcount Ratio
Payroll Transaction Error Rate
Form W-2c to Form W-2 Ratio
Outsourced Payroll Cost per Employee
Annualized Compensation per Employee
Net Benefits Cost per Employee
Sales per Person
Profit per Employee
Employee Turnover
Chapter 17 - The Outsourcing Option
Overview of Payroll Outsourcing
Reasons to Outsource Payroll
Reasons not to Outsource Payroll
The Outsourced Payroll Contract
The Transition to Payroll Outsourcing
Managing Outsourced Payroll
Measuring Outsourced Payroll
Terminating an Outsourcing Arrangement
Appendix - Federal Payroll Tax Calendar
Glossary
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