Payroll Practice and Management

by The City College of New York Claim Listing

Payroll is one of the fastest-changing career fields in the business world today. The constant fluctuation in government rules and regulations makes it difficult to learn payroll comprehensively.

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Course Details

Payroll is one of the fastest-changing career fields in the business world today. The constant fluctuation in government rules and regulations makes it difficult to learn payroll comprehensively.

The overall goal of the Payroll Practice and Management course is to help you learn all facets of payroll, from the basics to the intricate complexity of fringe benefits, taaxation, and garnishments.

As a beginner, payroll training can provide you with solid skills and knowledge of payroll rules and regulations or increase and refresh your existing knowledge. Although no one source should be used to exclusively study for your payroll certification, this program is a good overall review for the Fundamental Payroll Certification online test given by PayrollOrg.

 

What you will learn

  • Understand the Fair Labor Standards Act of 1938, as well as the Internal Revenue Code

  • Master the mathematics associated with calculating wages and taxes

  • Learn the fringe benefits and compensation offerings that could be given by an employer

 

How you will benefit

  • Set yourself up for a successful career as a payroll specialist, bookkeeper, payroll manager, or payroll accountant

  • Know how to effectively communicate and manage a group of employees within a payroll department

  • Master the federal taxation laws that pertain to payroll so as to become better equipped to handle clients' needs

 

Syllabus

  • Introduction to Payroll

  • Determining Worker Status

  • The Fair Labor Standards Act (FLSA)

  • Federal Employment Taxes

  • Payroll Forms

  • Fringe Benefits – Tax-Preferred and Other Related Health Benefits

  • Fringe Benefits – Deferred Comp, Retirement Plans, and Stock Options

  • Other Employee Benefits

  • Calculating Gross Wages

  • Calculating Gross Pay – Additional Topics

  • Paycheck Calculation – Taxes

  • Paycheck Calculation – Voluntary and Involuntary Deductions

  • Gross to Net Paycheck Calculation

  • Compliance – Laws and Reporting

  • Global Payroll

  • Payroll Process and Systems, and Audits

  • Paying the Employee

  • Payroll Administration and Management

  • Basic Accounting

  • Exploring Payroll Careers

  • Exam Preparation

  • Payroll Project

 

Prerequisites:

You should have basic keyboarding and computer skills, be able to use a basic 4 function calculator, be comfortable navigating the Internet and using email and have an understanding of a word-processing program (such as Word). This course is intended for anyone interested in developing their management skills.

  • New York Branch

    160 Convent Ave, New York

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