ACC 140 - Payroll Accounting

Class Hours: 1 Lab Hours: 3 Clinic/WkExp Hours: 0 Credit Hours: 2

Prerequisite: ACC 115 or ACC 120
Corequisite: None
Local Prerequisite: None
Local Corequisite: None

This course covers federal and state laws pertaining to wages, payroll taxes, payroll tax forms, and journal and general ledger transactions. Emphasis is placed on computing wages; calculating social security, income, and unemployment taxes; preparing appropriate payroll tax forms; and journalizing/posting transactions. Upon completion, students should be able to analyze data, make appropriate computations, complete forms, and prepare accounting entries using appropriate technology.