ACC 140 Payroll Accounting

Lecture: 1 Lab: 3 Clinic: 0 Credits: 2

This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries using appropriate technology.

Pre-requisite(s): ACC 115 or ACC 120 .
Course is typically offered in Spring.
Course has transfer restrictions - 10 years

Student Learning Outcomes (SLOs)
At completion of the course, the student should be able to do the following:

Use proper control procedures in the handling of payroll and personnel records accurately.
Compute wages and salaries accurately.
Compute social security taxes accurately.
Compute proper Medicare taxes accurately.
Compute income tax withholding accurately.
Compute unemployment compensation taxes accurately.
Journalize payroll transactions accurately.