MASTER SYLLABUS

2020-2021

A.	Academic Division: Business, Industry and Technology

B.	Discipline: Accounting

C.	Course Number and Title: ACCT1070 Payroll Accounting

D.	Course Coordinator: Jennifer Adkins

Assistant Dean: Toni Johnson, PhD

Instructor Information:

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E.	Credit Hours: 2

F.	Prerequisites: ACCT1052 (can be concurrent)

G.	Syllabus Effective Date: Fall, 2020

H.	Textbook(s) Title:

Title: Payroll Accounting: A Practical, Real-World Approach

Authors: Eric A. Weinstein, CPA

Copyright Year: 2019

Edition: 6th

ISBN: 9781640610286

Workbook(s) and/or Lab Manual: None

Course Description: 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.

K.	College-Wide Learning Outcomes:

College-Wide Learning Outcome	Assessments - - How it is met & When it is met
Communication – Written
Communication – Speech
Intercultural Knowledge and Competence
Critical Thinking
Information Literacy
Quantitative Literacy

L.	Course Outcomes and Assessment Methods:

Upon successful completion of this course, the student shall:

Outcomes	Assessments – How it is met & When it is met
Identify and apply various laws that affect employers in their payroll operations.	Daily Homework - Weeks 1-4 Exam - Week 4 Comprehensive Project week 4
Explain Federal Income Tax Law Including the employee-employer relationship	Daily Homework - Weeks 1-4 Exam -Week 4
Calculate Gross Pay for salary and wage employees, including overtime.	Daily Homework - Weeks 3-16 Comprehensive Project - Weeks 4, 8, 12, 16 Exam - Week 8
Compute federal income tax withholdings	Daily Homework - Weeks 3-16 Exams - Weeks 4, 8, 12 ,16
Compute federal unemployment taxes based on the Federal Unemployment Tax Act laws	Daily Homework - Weeks 4-7 Exam - Week 8
Record payroll transactions in the Payroll Register and the employee’s earning records.	Daily Homework - Weeks 4-16 Comprehensive Project - Weeks 4,8,12,16
Journalize and post payroll entries in the general journal and general ledgers	Daily Homework - Week 4-16 Exams - Week 8, 12, 16
Complete federal payroll tax forms including W-4, W-2, and 1099 forms, the Employer’s Federal Quarterly Tax Return (941), and the Employer’s Annual Federal Unemployment Return (940).	Daily Homework - Week 4-16 Exams - Week 8, 12, 16 Comprehensive Project -Weeks 4,8,12,16

M.	Topical Timeline (Subject to Change):

Intro to Payroll and Personnel Records

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Compensation Taxes

Analyzing and Journalizing Payroll Transactions

Payroll Project

N.	Course Assignments:

Practice of course topics in class

Daily homework preparation for class

Comprehensive project (continues all semester)

Quizzes/Exams

O.	Recommended Grading Scale:

NUMERIC	GRADE	POINTS	DEFINITION
93–100	A	4.00	Superior
90–92	A-	3.67	Superior
87–89	B+	3.33	Above Average
83–86	B	3.00	Above Average
80–82	B-	2.67	Above Average
77–79	C+	2.33	Average
73–76	C	2.00	Average
70-72	C-	1.67	Below Average
67–69	D+	1.33	Below Average
63-66	D	1.00	Below Average
60-62	D-	0.67	Poor
00--59	F	0.00	Failure

P.	Grading and Testing Guidelines:

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Q.	Examination Policy:

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R.	Class Attendance and Homework Make-Up Policy:

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S.	Classroom Expectations:

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T.	College Procedures/Policies:

Important information regarding College Procedures and Policies can be found on the syllabus supplement located at

http://catalog.ncstatecollege.edu/mime/download.pdf?catoid=5&ftype=2&foid=3