Payroll and Tax Fundamentals

Payroll and Tax Fundamentals

Instructor: ADP Learning Academy

What you'll learn

The learner will explore fundamental aspects of payroll, including earnings, taxes, deductions and the significance of accurate personal information.
Explore other employee benefits and look at pay statement details and the W-2, enhancing the understanding of income reporting.
The importance of payroll date calculations and payment methods.

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

27 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

There are 3 modules in this course

Using the pay statement as our roadmap, this course covers the basics of payroll that everyone who receives a paycheck should know. Starting with your classification as an employee, you'll learn why certain new hire forms are required; how to calculate various payroll amounts, including gross and taxable wages, deductions, and certain taxes; how pretax deductions and benefits impact your taxes; and how your pay statement year-to-dates are used to generate a W-2. All this so you can make sure you are being paid accurately.

We’ll look at how evaluating whether you are a contractor, or an employee determines what forms you will need to get you on board at your new job. We’ll discuss minimum wage rate, overtime rules and the importance of the calendar when receiving payroll.

What's included

10 videos4 readings8 assignments2 discussion prompts

10 videosTotal 38 minutes

Introducing the Common Law Test2 minutesPreview module
Employee or Independent Contractor4 minutes
FLSA and Overtime3 minutes
White Collar Exemptions2 minutes
Minimum Wage3 minutes
Employee Forms: Form I-94 minutes
Employee Forms: Form W-46 minutes
When a New Form W-4 is needed2 minutes
Payroll Related Dates and Pay Frequencies6 minutes
Scenario: Payroll Dates3 minutes

4 readingsTotal 6 minutes

About This Course2 minutes
Payroll Differences1 minute
Rules and Exemptions - Resources2 minutes
Form Resources1 minute

8 assignmentsTotal 47 minutes

Calculating Overtime Hours Activity8 minutes
Types of Workers5 minutes
Federal or State? Which overtime rule should you follow?10 minutes
Form I-9 for Identity & Eligibility to Work5 minutes
Acceptable Documents Activity5 minutes
Important Points on Form W-43 minutes
Payroll Related Dates3 minutes
Pay Frequency and Pay Calculations8 minutes

2 discussion promptsTotal 4 minutes

Introduce Yourself!1 minute
Let's Discuss3 minutes

This week, we’ll discuss different earning types, how gross pay is calculated with overtime and commission, and we’ll take a close look at payroll taxes and other elements impact deductions.

What's included

7 videos5 readings12 assignments

7 videosTotal 41 minutes

Common Earnings3 minutesPreview module
Methods for Calculating Overtime Pay9 minutes
Overtime and Overtime Premium Pay5 minutes
Federal Tax Withholdings6 minutes
Common Deductions2 minutes
Deduction Calculations9 minutes
Pre-tax and Post-tax Deductions4 minutes

5 readingsTotal 21 minutes

Resources2 minutes
Another Look: Calculating Overtime Pay4 minutes
A Closer Look at Payroll Taxes4 minutes
Social Security and Medicare3 minutes
Examples: Pre-tax and Post-tax Deductions8 minutes

12 assignmentsTotal 78 minutes

Earning Types4 minutes
Calculate Social Security and Medicare5 minutes
Calculating Deductions5 minutes
Earnings: Exempt / Non-exempt5 minutes
Review: FLSA Overtime Rules3 minutes
Calculating Overtime Hours12 minutes
Calculating Gross Pay12 minutes
Appropriate Tax Rate5 minutes
Social Security Tax Activity5 minutes
Calculate Taxable Wages and Deductions5 minutes
Deductions are Statutory or Non-statutory7 minutes
Common Deductions Taxability Review10 minutes

Learn how to recognize the essential components on your pay statement so you know what you are being paid and what is being withheld from your pay. Then, it’s time to learn how these components are used to calculate your net pay and how those amounts are reflected on your annual statement.