This course will focus on the following topics important to the payroll process: Fair Labor Standards Act,  new employee documentation,  compensation calculation through the W-2 process, benefits including insurance and pensions, payroll taxes and remittances, payroll deductions, reporting and recording payroll, and internal controls related to payroll and payroll resources. 

 

Upon successful completion of this course, participants will be able to:

• recall the importance of the Fair Labor Standards Act

• identify if an individual is an independent contractor or employee

• recall components of the payroll process

• identify different types of compensation

• recite various benefits options available to employees

• recall how to record payroll taxes and how to remit amounts calculated

• recognize proper support for payroll deductions

• recognize internal controls for the payroll process