MCCCD Program Description

Payroll Accounting

Course: ACC222

First Term: 1995 Fall

Lecture 3 Credit(s) 3 Period(s) 3 Load
Subject Type: Occupational
Load Formula: S

Description: Payroll records for businesses required by federal and state laws

MCCCD Official Course Competencies
1. Describe requirements of the Social Security Act, the federal income tax withholding law, and other laws relating to the payment of wages and salaries. (I-V) 2. Identify and describe the payroll and personnel records required by federal and state laws. (I) 3. Apply basic payroll accounting systems and procedures in computing wages and salaries. (II) 4. Prepare various forms required under FICA. (III) 5. Maintain records for withholding employees` income taxes and complete required federal, state, and local returns. (IV) 6. Describe coverage for unemployment compensation under FUTA and SUTA. (V) 7. Prepare required unemployment compensation reports. (V) 8. Journalize all payroll transactions. (VI) 9. Describe the various social security benefits available. (VII) 10. Use payroll accounting software. (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Need for payroll and personnel records A. The payroll profession B. Fair Labor Standards Act C. State minimum wage and maximum hours laws D. Fair employment laws E. Federal Insurance Contributions Act (FICA) F. Income tax withholding laws G. Unemployment tax acts H. Other federal laws affecting need for payroll and personnel records I. Other state laws affecting the need for payroll and personnel records J. Human resources and payroll accounting systems K. Human resources system L. Payroll accounting system II. Computing and paying wages and salaries A. Fair Labor Standards Act B. Determining the employee`s working time C. Keeping a record of time worked D. Methods of computing wages and salaries E. Methods of paying wages and salaries F. Unclaimed wages III. Social security taxes A. Coverage under FICA B. Self-employed persons: their income and taxes C. Application for employer identification number (form SS-4) D. Employee`s application for social security card (form SS-5) E. Request for earnings and benefit estimate statement (form SSA- 7004-SM) F. Returns required under FICA G. Employer`s quarterly federal tax return (form 941) H. Penalties IV. Withholding for income taxes A. Coverage under federal income tax withholding law B. Withholding allowances and withholding certificates C. The main methods of withholding D. Other methods of withholding E. Withholding tax on supplemental wage payments F. Withholding tax on tips G. Advance payment of Earned Income Credit (EIC) H. Individual Retirement Accounts (IRA) I. Wage and tax statements J. Major returns completed by employers K. Information returns L. Employer`s records for income taxes withheld M. Withholding state income taxes N. Withholding local income taxes V. Unemployment compensation taxes A. Coverage under FUTA and SUTA B. Unemployment compensation taxes and credits C. Unemployment compensation reports required of the employer D. Unemployment compensation benefits VI. Analyzing and journalizing payroll transactions A. The payroll register B. The employee`s earnings record C. Recording the gross payroll and withholdings D. Recording payroll taxes E. Recording worker`s compensation insurance expense F. Recording the deposit or payment of payroll taxes G. Recording end-of-period adjustments H. Recording transactions pertaining to other payroll deductions I. Summary of accounts used in recording payroll transactions VII. Social security benefits A. Old-age, survivors, and disability benefits B. Kinds of social security benefits C. Medical care for aged and needy D. Applying for social security benefits VIII. Computerized payroll accounting A. Software program overview B. Windows C. Start-up procedures D. Operating procedures

MCCCD Governing Board Approval Date: 6/27/1995

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.