Official Course Description: MCCCD Approval: 06/27/95
ACC222 19956-99999	LEC	3 Credit(s)	3 Period(s)
Payroll Accounting
Payroll records for businesses required by federal and state laws. Prerequisites: ACC111 or ACC211 or permission of Department/Division.

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MCCCD Official Course Competencies:
ACC222   19956-99999	Payroll Accounting

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)

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MCCCD Official Course Outline:
ACC222   19956-99999	Payroll Accounting

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

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