STANDARD COMPETENCIES:

 

 1.  Describe requirements of the Fair Labor Standards Act, Social Security Act, the federal income tax withholding law, and other laws relating to the payment of wages and salaries.

 2.  Identify and describe the payroll and personnel records required by federal and state laws.

 3.  Apply basic payroll accounting systems and procedures in computing wages and salaries.

 4.  Prepare various forms required under FICA.

 5.  Maintain records for withholding employees` income taxes and complete required federal, state, and local returns.

 6.  Describe coverage for unemployment compensation under FUTA and SUTA.

 7.  Prepare required unemployment compensation reports.

 8.  Journalize all payroll transactions.

 9.  Use payroll accounting software.

 

 TOPICAL OUTLINE:

 

 I.      Need for Payroll and Personnel Records

 II.     Computing and Paying Wages and Salaries

 III.    Social Security Taxes

 IV.     Withholding for Income Taxes

 V.      Unemployment Compensation Taxes

 VI.     Analyzing and Journalizing Payroll Transactions

 VII.    Computerized Payroll Accounting