Payroll Computations, Records, and Payment Public

Payroll Computations, Records, and Payment

The badge recipient developed the ability and knowledge to compute payroll for employees, accounting for employer/employee federal tax law and other deductions.

[Quiz] Earners of this badge were tested on their knowledge of the objectives listed below (11-1 to 11-8) 
11-1 Explain how and when payroll taxes are paid to the government.
11-2 Compute and record the employer’s social security and Medicare taxes.
11-3 Record deposit of social security, Medicare, and employee income taxes.
11-4 Prepare employer’s Quarterly Federal Tax Return, Form 941.
11-5 Prepare Wage and Tax Statement (Form W-2) and Annual Transmittal of Wage and Tax Statement (Form W-3).
11-6 Compute and record liability for federal and state unemployment taxes and record payment of taxes.
11-7 Prepare an Employer’s Federal Unemployment Tax Return, Form 940.
11-8 Compute and record workers’ compensation insurance premiums.   

Earners of this badge are students enrolled in a basic accounting and bookkeeping course offered by Community Action Partnership of Providence (CAPP). This badge is part of a group of badges that can be found here: http://www.badgelist.com/Accounting-Bookkeeping-Course

The administrative account that grants this badge is owned and operated by Community Action Partnership of Providence (CAPP). Other CAPP badges can be found here: http://www.badgelist.com/u/CAPP

For more information about this class and/or one of the many other services/programs offered by CAPP to Providence residents please visit http://www.cappri.org/

Community Action Partnership of Providence

518 Hartford Avenue | Providence, Rhode Island 02909 
Tel. 401.273.2000 | Fax.  401.228.3078 | http://www.cappri.org/