# PPS7004

- Course
- PPS7004
- Course Title
- PayTrain Fundamentals

## Description

This course teaches the fundamental payroll calculations and applications, providing students with the basic knowledge and skills required to maintain payroll compliance. Developed by the American Payroll Association, this course is ideal for new payroll professionals and/or those preparing for the Fundamentals of Payroll Certification (FPC) exam. This course is a prerequisite to PayTrain Mastery, designed to help students prepare for the Certified Payroll Professional (CPP) exam.

This course covers/reviews the calculations necessary to be successful in passing both the FPC and CPP exams. Participants receive live classroom instruction and a textbook. Although the program covers the body of knowledge tested by the FPC exam, completing the course does not guarantee a passing score on the exam. For testing and eligibility requirements, visit 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