ACC 132 - Payroll and Hawai'i General Excise Taxes

Institution:

Kapiolani Community College

Subject:

Description:

3 hours lecture per week Recommended Preparation: ICS 00 or ICS 0; ACC 201. ACC 132 provides training in the maintenance of payroll tax reporting systems and compliance with federal and State of Hawai'i payroll (and selected employment) laws. Students gain experience in input, processing, and reporting of payroll tax-related transactions and events within the context of both manual and computerized payroll systems. This course will also cover accounting for and reporting of Hawai'i General Excise and Use taxes. The course contents of ACC 132 prepare students for the payroll certification examinations offered by the American Payroll Association, such as Fundamental Payroll Certification (FPC) and/or Certified Payroll Professional (CPP). This course is designed as a recommended course for certain advanced ACC courses, but also serves those students seeking immediate employment as payroll clerks. Upon successful completion of ACC 132, the student should be able to: Maintain both manual and computerized payroll systems and related personnel records. Compute gross pay, withholdings, net pay, and employer taxes in a manual payroll system. Maintain general and subsidiary records of all payroll amounts in a manual payroll system and generate related journal entries. Interpret reports and generate journal entries within the framework of a computerized payroll system (e.g. payroll service bureau). Select, maintain, operate and backup a computerized payroll system. Compute required periodic payroll tax deposits/payments. Prepare required monthly, quarterly, and annual payroll tax returns for federal and Hawai'i state payroll taxes: Federal forms 940, 941, W-2, W-3; State of Hawai'i forms HW3, HW-14, UCBP-6. Reconcile paychecks, computerized payroll records, payroll tax returns, and payroll tax deposits/payments. Issue corrected paychecks and generate related journal entries; input corrections to computerized payroll records; prepare amended payroll tax returns; generate adjusting disbursements for payroll tax deposits/payments. Compute Temporary Disability Insurance premiums. Estimate workman's compensation insurance premiums for various classes of workers and in total. Discuss important employer non-financial reporting requirements Perform certain human resource functions and responsibilities related to hiring, management, employee development and termination. Monitor a company's compliance with applicable federal and State of Hawai'i payroll tax and selected employment laws. Capture relevant data, account for, and properly report Hawai'i General Excise and Use taxes.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

kapiolani.hawaii.edu/page/home

Phone Number:

(808) 734-9000

Regional Accreditation:

Western Association of Schools and Colleges

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.