Foothill CollegeApproved Course Outlines

Business and Social Sciences Division
ACTG 65PAYROLL & BUSINESS TAX ACCOUNTINGSummer 2011
4 hours lecture.4 Units

Total Quarter Learning Hours: 48 (Total of All Lecture, Lecture/Lab, and Lab hours X 12)
 
 Lecture Hours: 4 Lab Hours: Lecture/Lab:
 Note: If Lab hours are specified, see item 10. Lab Content below.

Repeatability -
Statement: Not Repeatable.

Status -
 Course Status: ActiveGrading: Letter Grade with P/NP option
 Degree Status: ApplicableCredit Status: Credit
 Degree or Certificate Requirement: AA Degree,   Certificate of Achievement
 GE Status: Non-GE

Articulation Office Information -
 Transferability: CSUValidation: 12/13/10

1. Description -
Presentation of basic payroll procedures used in business today. Provides practice in recording procedures and preparation of tax returns.
Prerequisite: ACTG 1A.
Co-requisite: None
Advisory: Eligibility for MATH 220 and ESLL 26.

2. Course Objectives -
Student will be able to:
  1. Describe payroll laws and record-keeping requirements.
  2. Explain the procedures to maintain payroll records.
  3. Analyze, compute, and report payroll taxes.
  4. Prepare and distribute the payroll
  5. Identify and explain payroll systems and control procedures.
3. Special Facilities and/or Equipment -
Access to a PC lab and Excel software. When taught as an online distance learning section, students and faculty need ongoing and continuous Internet and Email access.

4. Course Content (Body of knowledge) -
  1. Employees versus independent contractors, federal laws protecting equal right in employment.
  2. Timekeeping records and computing gross earnings
  3. Withholding federal and state income taxes, FICA taxes and other withholdings and unemployment taxes.
  4. Maintaining payroll register, employee earnings records, and paying employee wages.
  5. Making tax deposits, employer wages and tax reporting, payroll wages reports, and reports on non-employee compensation
  6. Manual systems, mechanized systems, and computerized systems.
  7. Maintain internal control over payroll systems.
5. Repeatability - Moved to header area.
 
6. Methods of Evaluation -
  1. Midterm and final exams.
  2. Computerized assignments.
  3. Preparing payroll tax forms
  4. Homework assignments.
7. Representative Text(s) -
Bieg, Bernard J., Payroll Accounting 2010 Edition. Ohio: South-Western, 2010.

8. Disciplines -
Accounting
 
9. Method of Instruction -
Lecture, in class or electronic discussions, report preparation, research projects and case studies.
 
10. Lab Content -
Not applicable.
 
11. Honors Description - No longer used. Integrated into main description section.
 
12. Types and/or Examples of Required Reading, Writing and Outside of Class Assignments -
  1. Reading from assigned text
  2. Reading California Publications and Form Instructions at http://www.ftb.ca.gov
  3. Reading the latest Federal Tax updates at the IRS website
  4. Reading the latest California Tax updates at the CA FTB website
  5. Reading Internal Revenue Tax Code and Regulations
  6. Reading of Wall Street Journal, Business Week, and Fortune
13. Need/Justification -
This course is a restricted support course for the AA degree in Accounting.


Course status: Active
Last updated: 2013-07-29 15:48:08


Foothill CollegeApproved Course Outlines