ACCT 175 - Payroll Accounting

Credits: 5
LEC hours per week: 5
Provides an understanding of payroll records and numerous laws that affect operation of a payroll system.
Prerequisite(s): grade of C or higher in ACCT& 201.
Course Outcomes:

Define payroll laws and regulations.
Describe the requirements and uses of payroll and personnel records.
Compute various compensation types: wages, salary, piece rate, and commissions.
Calculate state and federal payroll taxes.
Analyze and journalize payroll transactions.
Complete end of period forms and correctly manage payroll liabilities.

Course Topics:

Federal Labor Regulations
Computation of gross pay
Federal Tax withholding
Social Security Tax withholding
Unemployment Tax withholding
Interface payroll with the Financial Accounting System