Help Icon

PPS7004

Course
PPS7004
Course Title
PayTrain Fundamentals

Description

PayTrain Fundamentals, ideal for new payroll professionals and/or those preparing for the Fundamentals of Payroll Certification (FPC) exam, developed by American Payroll Association, teaches payroll calculations/applications and basic knowledge/skills required to maintain payroll compliance, and suggested prerequisite to PayTrain Mastery.  Successful completion of this course in no way guarantees passing score on exam.  Testing/eligibility requirements: www.americanpayroll.org.

Objectives

  • Students will gain payroll concepts in the Fundamentals body of knowledge.
  • Students will practice their payroll knowledge through exercises and class participation

Content

1. Module 1: Payroll Concepts

  • Lesson 1.1: Employee/Independent Contractor
  • Lesson 1.2: Fair Labor Standards
  • Lesson 1.3: Employment Forms

2. Module 2: Payroll Calculations

  • Lesson 2.1: Calculation of Regular Pay
  • Lesson 2.2: Calculation of Overtime Premium
  • Lesson 2.3: Calculation of Gross Pay
  • Lesson 2.4: Calculation of Federal Income Tax
  • Lesson 2.5: Calculation of Social Security and Medicare Taxes
  • Lesson 2.6: Calculation of AEIC
  • Lesson 2.7: Calculation of Voluntary Deductions
  • Lesson 2.8: Calculation of Involuntary Deductions
  • Lesson 2.9: Calculation of Net Pay

3. Module 3: Fringe Benefits

  • Lesson 3.1: Fringe Benefit Rules
  • Lesson 3.2: Nontaxable Benefits
  • Lesson 3.3: Employer Provider Benefits
  • Lesson 3.4: Other Payments
  • Lesson 3.5: Cafeteria Plans
  • Lesson 3.6: Retirement Plans

4. Module 4: Payroll Reporting and Employment Taxes

  • Lesson 4.1: Tax Deposit Requirements
  • Lesson 4.2: Quarterly Returns
  • Lesson 4.3: Annual Returns
  • Lesson 4.4: Correcting Returns
  • Lesson 4.5: Other Reporting Requirements

5. Module 5: Record Keeping and Payroll Practices

  • Lesson 5.1: Payment Methods
  • Lesson 5.2: Payroll Practices
  • Lesson 5.3: Record Keeping
  • Lesson 5.4: Systems

6. Module 6: Payroll Accounting

  • Lesson 6.1: Accounting Terminology
  • Lesson 6.2: Account Classification
  • Lesson 6.3: Journal Entries
  • Lesson 6.4: Reconciliations
  • Lesson 6.5: Internal Control

7. Module 7: Administration

  • Lesson 7.1: Customer Service
  • Lesson 7.2: Communications

Prerequisites

  • None

Method of Instruction

  • Lecture, Class Participation, Power Point Slides, Exercises

 

Evaluation

 

  • Exam: No
  • Class Participation: Yes
Demonstration of Skills: Yes