Payroll Practice and Management
If you’re pursuing an entry-level position as a payroll professional, this course will help you gain the skills you need to enter the field. Payroll Practice and Management covers all critical areas of payroll administration and management. You will start by learning the major components of the Fair Labor Standards Act of 1938, as well as the Internal Revenue Code. You will also cover the major components of the state labor code for your chosen state; it’s recommended that you choose the state in which you intend on working.
The course will then discuss the relevant sections of the Internal Revenue Code and state code relating to the calculation, withholding and reporting of required taxes on wages. You will then review the definitions, basic requirements, taxation and reporting of various types of fringe benefits and compensation that may be offered by an employer and handled by the payroll department. Finally, you will learn about the year-end forms that payroll is required to process, as well as how to handle garnishments and manage the department itself.