AC 110 - Payroll Accounting

This is a comprehensive payroll accounting course providing a practical application of the concepts and principles of payroll accounting. Payroll law topics include the Fair Labor Standards Act, FUTA and SUTA tax, and FICA, SECA, and the Civil Rights Act of 1964. Payroll accounting transaction topics include payroll recordkeeping, computing payroll, computing payroll taxes, social security taxes, self-employment, FUTA, and SUTA taxes, completing government forms (941), income tax withholding (employer and employee), and analyzing and journalizing payroll transactions. This course includes a comprehensive hands-on project to reinforce practical application of these concepts. It also provides a tutorial in industry software. Semester Credit Hours: 3.00 Contact Hours: 45/0/0/45 Prerequisite: AC 107 Accounting I. Corequisite: None.