ACCT 110 - Payroll Accounting

Credit(s): 3
Contact Hours: 3

Payroll Accounting provides an in-depth study of payroll procedures. Included are a discussion of employees and independent contractors, how to calculate gross wages for hourly and salaried employees, mandatory and voluntary withholdings, employer taxes, record payroll, and state and federal record keeping requirements. Current tax rates and current tax forms will be used. Completion of a payroll practice set is required. Prerequisite: ACCT 100 or ACCT 101.