Describe the step-by-step payroll processing cycle, including data collection, input, verification, calculation, and finalization.

Identify essential requirements for time tracking systems to accurately record/manage employee work minutes for payroll processing and compliance.

Explain the payroll-related tasks involved in employee on-boarding, such as tax withholding preferences, direct deposit, etc.

Describe the key components of year-end payroll processes, such as W-2 preparation, 1099 form distribution, and other required tax reporting.

Examine payroll-related dates, pay frequencies, and their impact on employee compensation.

Analyze gross wages, pay statement details, common earnings, benefits, and retirement deductions.

Examine the workweek, overtime calculations, white-collar exemptions, and methods for computing overtime pay according to the FSLA.

Integrate the various components to accurately determine gross pay for employees.

The learner will explore fundamental aspects of payroll, including earnings, taxes, deductions and the significance of accurate personal information.

The learner will be equipped with essential knowledge, covering topics such as tax compliance, worker classifications, and payroll procedures.

A comprehensive understanding of payroll management and taxation, benefiting individuals in effectively navigating financial responsibilities.

Analyze how different business structures, such as restaurants and non-profits, influence payroll processes and complexities.

Explore the role of accounting principles, terminology, and recordkeeping requirements in payroll operations.

Develop a systematic approach to identify and resolve payroll-related issues and errors, ensuring compliance and preventing future occurrences.