Course Syllabus. Date Approved: February 13, Course Number: ACC 204. Course credits: 3. Total Semester Lecture Hours: 45. Pre-requisite: EGL 093

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1 Course Syllabus Date Approved: February 13, 2013 Reviewed/updated by: Course Title: David O. Linthicum, Ed.D., CPCM Payroll Accounting Course Number: ACC 204 Course credits: 3 Total Semester Lecture Hours: 45 Pre-requisite: EGL 093 Co-requisite: None Course Description: Payroll Accounting is a basic course in computerized payroll fundamentals, including computing and paying wages and salaries as well as analyzing and journalizing payroll transactions. In addition, the legal aspects of social security, income tax withholding and unemployment compensation taxes will be covered. The course includes the completion of a payroll project.

2 At Cecil College, for all credit courses, students are expected to spend a minimum of 45 hours of 50 minutes each of combined instructional time and related coursework time per credit hour. For this course, the following applies: 3-Credit Course Number of Hours Total hours of direct instruction and/or out-ofclass 135 student work required Direct Faculty Instruction 45 Out-of-Class Student Work 90 TIME REQUIRED TO SUCCESSFULLY COMPLETE ACC 204 ACC 204 Payroll Accounting is a three credit hour lecture course. You should expect to spend 45 hours in class and an additional 90 hours outside of class. The hourly breakdown of assignments is given below: Assignment Reading Practice Problems Assignments Final Project Additional Study Time for Tests Semester Total Description - Average reading time 3.2 minutes per page - Average of 33 pages per chapter minutes per 6 chapters -2 problems at 50 minutes per 6 chapters -Total 1,200 minutes - 6 assignments - 4 hours per assignment -5 parts -5 hours per part -2 5 hours per exam - 6 Chapters - Total 634 minutes Total Out-of- Class Hours Total In- Class Hours 45

3 Topical Outline I. Payroll and personnel records A. Fair Labor Standards Act B. State minimum wage and maximum hours laws C. Federal Insurance Contributions Act (FICA) D. Income tax laws E. Unemployment F. Fair employment laws G. Miscellaneous federal laws affecting payroll and personnel H. Miscellaneous state laws affecting payroll and personnel II. III. IV. Computation and payment of salaries A. Determining time B. Timekeeping records C. Methods of computing salaries Social security taxes A. Coverage B. Self employment C. Internal Revenue Service Forms SS-4, SS-5, and 941 D. Required returns E. Failure-to-comply penalties Income tax withholding A. Coverage B. Withholding allowances C. Federal and other method of income tax withholding D. Supplemental wage payments E. Advance earned income credit F. Tax-deferred retirement accounts G. Wage and tax statements H. Required employer forms I. Independent contractor payments J. Backup withholding K. Magnetic filing L. State income tax V. Unemployment compensation taxes A. Coverage under the Federal Unemployment Tax Act and State Unemployment Tax Acts (SUTA) B. Compensation taxes and credits C. Required reports VI. Payroll transactions A. Payroll register

4 B. Employee s earnings record C. Gross pay and withholdings D. Payment of wages E. Payroll taxes F. Compensation insurance expense G. Year-end adjustments

5 Outcomes Indicators Assessment Types Sample Assessment Tasks Students will 1.1 Short answer questions 1.1 Explain the two bases 1.1 Describe the main functions of the of coverage provided by Fair Labor Standards Act 1.2 Problems the FLSA. 1.2 Describe the state minimum wage law 1.3 Describe the maximum hours laws 1.3 Computerized assignments 1.4 Determine FICA taxes for various wage earners 1.5 Determine income tax for various wage earners 1.6 Define fair employment laws 1.7 Discuss laws affecting payroll and personnel 1.1 Students will demonstrate an understanding of payroll and personnel records. Education outcome A 2.1 Students will compute salaries Education outcomes A, D, E 3.1 Students will be able to manage the various functions required with the payment of taxes Education outcomes A, D, E 2.1 Determine work time from timecard records 2.2 Illustrate use of timekeeping records 2.3 Compute salaries in a variety of ways 3.1 Illustrate the social security coverage and penalties 3.2 Illustrate the use of Forms SS-4, SS-5, and Illustrate income tax coverage and penalties for a variety of circumstances 3.4 Discuss coverage under the Federal 2.1 Short-answer questions 2.2 Problems 2.3 Computerized assignments 3.1 Short-answer questions 3.2 Problems 3.3 Computerized assignments 2.1 Garrison Shops had a SUTA tax rate of 3.7%. The state s taxable limit was $8,000 of each employee s earnings. For the year, Garrison Shops had FUTA taxable wages of $67,900 and SUTA taxable wages of $83,900. Compute net FUTA tax and bet SUTA tax 3.1 Go to Discuss the following questions: a. How is self-employment income treated differently from income earned from an

6 4.1 Students will be experienced in the use of payroll procedures and records Education outcomes A, E 4.1 Illustrate the use of a payroll register 4.2 Illustrate the use of an employee s earnings record 4.3 Illustrate year-end adjustments 4.1 Short-answer questions 4.2 Problems 4.3 Computerized assignments Outcomes Indicators Assessment Types Sample Assessment Tasks Unemployment Tax Act and the employer? Maryland State Unemployment Tax Act b. How do you report selfemployment income? 4.1 In what respect does an employee s earnings record resemble a ledger?