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Describe how to use various management techniques to increase the efficiency and effectiveness of the payroll department.
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Describe the criteria under which a person is classified as an employee.
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Explain the methods for reducing time tracking requirements, and describe the types of employee time tracking solutions.
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Calculate earnings for various types of wages and supplemental pay.
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Describe the proper tax reporting of various types of employee fringe benefits, and how to assign a value to those benefits that are not exempt from tax reporting.
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Describe the various types of pay deductions, and how to manage an efficient pay deduction system.
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Calculate the amount of income tax withholdings and payroll tax deductions for an employee.
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Explain how to determine the correct deposit schedule, and how to deposit and report on tax remittances.
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Calculate the amount of federal and state unemployment tax for which an employee is liable, and how to remit it to the government.
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Demonstrate the various methods of paying wages and other benefits to employees.
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Demonstrate how to account for all types of payroll transactions.
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Describe the contents and uses of the reports that a payroll department issues.
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Explain the recordkeeping requirements for the payroll function.
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Explain the steps to follow to add an employee, accumulate time worked, calculate commissions, process payroll, and pay employees.
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Describe the controls that can be installed in a payroll system to mitigate fraud and reduce errors.
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Explain the various payroll measurements that can be used to gain a greater understanding of payroll efficiency and human resources issues.
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Describe the advantages and disadvantages of outsourcing payroll, and how to operate an outsourced payroll function.
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