COURSE
SYLLABUS
COURSE IDENTIFICATION
Course
Prefix/Number: ACCT 107
Division: Applied
Science Division
Program:
Business/Office
and Information Systems
Credit
Hour(s): 3
Initiation/Revision
Date: Fall
2006
CLASSIFICATION OF INSTRUCTION
Academic
x Vocational
COURSE DESCRIPTION
This course
is designed to provide comprehensive, yet practical instruction in
payroll. Payroll systems, the preparation
of payroll tax returns and reports, as well as payroll laws and regulations
will be studied. Computer applications
will be included.
PREREQUISITES AND/OR COREQUISITES
None
TEXTS
Payroll
Records and Procedures, 5th ed., Haddock and Cohen, McGraw-Hill/Irwin,
2006.
Payroll
Practice Set to accompany Payroll Records & Procedures, 5th ed.,
Haddock and Cohen, McGraw-Hill/Irwin, 2006.
COURSE OUTCOMES/COMPETENCIES (as Required)
At the end
of this course, a student should be able to do the following:
OUTCOME
1: Identify and discuss payroll laws and
regulations.
Competencies:
1.
Identify and discuss the basic federal payroll tax laws.
2.
Explain the record-keeping requirements for payroll.
3.
Explain the main features of the Fair Labor Standards
Act.
4.
Explain briefly the value to employees of the Civil
Rights Act of 1964, the Age Discrimination Act of 1967, and the worker’s
compensation laws.
OUTCOME 2:
Set up new employee records.
Competencies:
5.
List at least three items of information the job
application form cannot request because of regulations under fair employment
laws.
6.
Explain how to obtain a social security card.
7.
Complete an Employee’s Withholding Allowance Certificate
(Form W-4).
8.
Explain why the information contained in payroll records
must remain confidential.
OUTCOME
3: Process and maintain time and work
records and determine gross earnings.
Competencies:
9.
Define and explain the common payroll periods: weekly, biweekly, semimonthly, and monthly.
10.
Explain the use and value of time cards and time clocks.
11.
Explain in general terms how electronic time-recording
systems work.
12.
Calculate hours worked, using the quarter-hour system.
13.
Define and explain the hourly rate, salary, piece rate,
commission, and salary-commission systems of pay.
14.
Explain the difference between temporary and contract
workers.
15.
Compute gross earnings based on regular hours worked and
overtime hours worked.
16.
Compute gross earnings using the piece rate, commission,
and salary-commission plans.
17.
Explain the difference between employees and independent
contractors.
OUTCOME
4: Determine payroll deductions.
Competencies:
18.
List the four factors that are used in the design (and
use) of the federal income tax wage-bracket tables.
19.
Use federal and state wage-bracket tables to determine
income taxes due on employee salaries.
20.
Calculate social security and Medicare taxes on employee
salaries.
21.
Explain how the employee earnings record is useful to
payroll clerks.
22.
Explain the term voluntary
deduction as it relates to payroll.
OUTCOME
5: Use a payroll register and employees
earnings records.
23.
Explain the function of the payroll register.
24.
Accurately total and prove a payroll register.
25.
Complete, total, balance, and explain the use of the
employee earnings records.
26.
Describe how wages and salaries are paid in cash, by
check, and by electronic transfer of funds.
OUTCOME
6: Compute federal payroll taxes and
prepare federal payroll tax returns.
27.
Compute the employer’s share of the Social Security and
Medicare taxes.
28.
Compute the amount of required deposit of withheld
Social Security and federal income tax.
29.
Explain how Form 8109, Federal Tax Deposit Coupon, is
used in paying federal tax obligations.
30.
Explain the system for making periodic deposits of taxes
as required by the IRS.
31.
Demonstrate how to complete Form 941, Employer’s
Quarterly Federal Tax Return.
32.
Demonstrate how to complete a Form W-2, Wage and Tax
Statement.
33.
Explain how Form W-3, Transmittal of Wage and Tax
Statements, is used.
34.
Explain how federal unemployment compensation tax (FUTA)
is computed and deposited.
35.
Complete a Form 940-EZ, Employer’s Annual Federal
Unemployment Tax Return.
OUTCOME
7: Compute state payroll taxes and
prepare state payroll tax reports.
36.
Describe how state unemployment compensation systems
function.
37.
Explain how state income tax is withheld and deposited.
COURSE OUTLINE
I.
Payroll Laws and Regulations
A. Federal, State, and Local Income Tax
B. Social Security
C. Minimum Wage Laws
D. Worker’s Compensation, Disability, and
Pension Security Laws
II. New
Employee Records
A. Job
Applications
B. Personnel
Files
C. Employee
Earnings Records
III. Time
and Work Records
A. Payroll
Periods
B. Time
Records
C. Work
Records
IV. Determining
Gross Earnings
A. Hourly
Rates, Salary Plan, Piece-Rate, and Commissions
B.
Bonuses, Profit-Sharing, and Tips
V.
Determining Payroll Deductions
A.
Deductions Required by Law
B.
The Use of Tax Tables
C.
Voluntary Deductions
D.
Computing Net Pay
VI.
The Payroll Register
A.
Format, Making Entries, Totaling, and Proving
B.
Using the Payroll Register
VII.
Employee Earnings Records
A.
Format, Making Entries, and Totaling
B.
Using Employee Earnings Records
VIII.
Paying the Payroll
IX.
Federal Payroll Taxes and Tax Returns
A.
Employer’s Quarterly Federal Tax Return, Form 941
B.
Wage and Tax Statement, Form W-2
C.
Federal Unemployment Compensation Tax
X.
State Payroll Taxes and Tax Reports
A.
State Unemployment Compensation Tax
B.
State Disability Insurance Tax
C.
Worker’s Compensation Insurance
D.
State Income Tax
XI.
Payroll Systems
A.
Manual
B.
Computerized
INSTRUCTIONAL METHODS
1. Discussion of the chapters.
2. Explanation
and illustration of the basic principles presented in each chapter, using the
computer, overhead, and chalkboard.
3. Assignment
and discussion of exercises and problems at the end of each chapter.
4. Assignment
of the practice set as a culminating activity.
STUDENT REQUIREMENTS AND METHOD OF EVALUATION
1. Attendance
and class participation are essential to successfully complete the course.
2. Problems and exercises will be
assigned frequently to be done at home by the student.
3.
The practice set will be completed and graded for
accuracy and completeness.
4. Pop
quizzes may be given periodically.
5. Examinations: Three to four examinations, including the
final exam, will be administered throughout the course.
GRADING SCALE
The grading scale is as follows:
90% ‑ 100% = A
80%
‑ 89% = B
70% ‑ 79% = C
60% ‑ 69% = D
Under 60% = F
Absences that occur due to students
participating in official college activities are excused except in those cases
where outside bodies, such as the State Board of Nursing, have requirements for
minimum class minutes for each student. Students who are excused will be given
reasonable opportunity to make up any missed work or receive substitute
assignments from the instructor and should not be penalized for the
absence. Proper procedure should be
followed in notifying faculty in advance of the student’s planned participation
in the event. Ultimately it is the
student’s responsibility to notify the instructor in advance of the planned
absence.
Unless students are participating in a
school activity or are excused
by the instructor, they are expected to attend class. If a student’s absences exceed one-hundred
(100) minutes per credit hour for the course or, in the case of
on-line or other non-traditional courses, the student is inactive for
one-eighth of the total course duration, the instructor has the right, but is
not required, to withdraw a student from the course. Once the student has been dropped for
excessive absences, the registrar’s office will send a letter to the student,
stating that he or she has been dropped.
A student may petition the chief academic officer for reinstatement by
submitting a letter stating valid reasons for the absences within one week of
the registrar’s notification. If the
student is reinstated into the class, the instructor and the registrar will be
notified.
Academic
Integrity
NCCC expects every student to
demonstrate ethical behavior with regard to academic pursuits. Academic integrity in coursework is a
specific requirement. Definitions,
examples, and possible consequences for violations of Academic Integrity, as
well as the appeals process, can be found in the College Catalog, Student
Handbook, and/or Code of Student Conduct and Discipline.
Cell
Phone Policy
Student
cell phones and pagers must be turned off during class times. Faculty may
approve an exception for special circumstances.
ASSESSMENT OF STUDENT GAIN
Pre‑assessment
ideally begins during the advisement and enrollment process with the advisor
and/or instructor interviewing the student to determine the proper level of
placement. During the first two weeks of
a normal semester, students are observed and/or interviewed and assignments are
examined to determine needed competency development. Post‑assessment to determine gain in
competency will be measured at the end of each unit of study.
VOCATIONAL/CAREER COURSE DOCUMENTATION
This course
is one course from the approved program in Vocational Business/Office
Education. It is taken by students
preparing for accounting or bookkeeping positions, students in transfer
programs as a business elective, small business owners, and other business
students.
ADVISORY COUNCIL INVOLVEMENT
The
Business/Office Education program maintains an Advisory Board for this
vocational component. The coordinator
communicates with the Board on a regular basis concerning issues or problems
that occur and meets with the group one or two times each year.
NOTE:
Information
and statements in this document are subject to change at the discretion of
NCCC. Changes will be published in
writing and made available to students.
NOTE:
If
you are a student with a disability who may need accommodation(s) under the
Americans with Disabilities Act (ADA), please notify the Director of Advising and Counseling, Chanute Campus, Student
Union, 620-431-2820 ext 280 or the
Dean, Ottawa Campus, 785-242-2607 ext 312, as soon as possible. You will need to bring your documentation for
review in order to determine reasonable accommodations, and then we can assist
you in arranging any necessary. accommodations