MASTER COURSE OUTLINE DEPT: ACCT
Big Bend Community College NO: 233
Date: July 2008 (Formerly BUS 233)
COURSE TITLE: INTRO TO PAYROLL TAXES
CIP Code: 52.0302 CREDITS: 2
Intent Code: 21 Total Contact Hours Per Qtr: 22
Program Code: 505 Lecture Hours Per Qtr: 22
Lab Hours Per Qtr:
Distribution Desig.: Other Hours Per Qtr:
PREPARED BY: Preston Wilks
COURSE DESCRIPTION: This course offers an introduction to the proper calculation, payment, and reporting of payroll taxes incurred by businesses. The preparation of required tax returns and the various reporting periods to government agencies will also be discussed. This course is designed for the student with little or no prior experience in payroll taxes.
PREREQUISITE(S): complete ACCT& 201 OR have prior experience in business or accounting.
TEXT: None
COURSE GOALS: This course will introduce students to the basic concepts involving the proper calculation, payment, and reporting of payroll taxes incurred by businesses. The student will become familiar with the proper preparation and filing of various quarterly and annual returns associated with reporting payroll taxes to the various government agencies.
COURSE OBJECTIVES: Upon successful completion of the course, the student will be able to:
1. Identify the different personnel and payroll records that provide the information required under the numerous laws affecting the operations of a payroll system.
2. Understand the basic procedures used in computing wages and salaries.
3. Explain the various phases of the Social Security Act, the federal income tax withholding law, and other laws relating to the payment of wages and salaries.
4. Provide practice in the preparation of payroll registers, the recording of accounting entries involving payroll, and the preparation of payroll tax returns required of businesses.
5. To complete a payroll project that provides practice in all payroll operations.
COURSE CONTENT OUTLINE:
1. The need for payroll and personnel records.
2. Computing and paying wages and salaries.
3. Social Security taxes.
4. Income tax withholding.
5. Unemployment compensation.
6. Analyzing and journalizing payroll transactions.
7. Computerized payroll accounting.
8. Payroll project.
EVALUATION METHODS/GRADING PROCEDURES:
Students will be evaluated using the following methods: tests, assignments, quizzes, and attendance.
Grade determination will be as follows (approximately):
90% - 100% = A- to A
80% - 90% = B- to B+
70% - 80% = C- to C+
60% - 70% = D- to D+
Below 60% = Fail
PLANNED TEACHING METHODS/LEARNING STRATEGIES:
X Lecture Small Group Discussion X Special Project
Laboratory Computer Audiovisual Other (List)
Supervised Clinical Individualized Instruction
Division Chair Approval
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