# 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