ACCT 1070 - Payroll Accounting

Academic Division: Business, Industry and Technology
Academic Discipline: Accounting

Assistant Dean: Brooke Miller, M.B.A.

2 Credit(s)
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. UG

2 Lecture Hour(s);

Required as Prerequisite or Concurrent Course(s): Take ACCT 1052 ;

College Wide Outcomes

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

Student Learning Outcomes for Course

Outcomes	Assessments – How it is met & When it is met
1. Identify and apply various laws that affect employers in their payroll operations.	Daily Homework - Weeks 1-4 Exam - Week 4 Comprehensive Project week 4
2. Explain Federal Income Tax Law Including the employee-employer relationship.	Daily Homework - Weeks 1-4 Exam -Week 4
3. 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
4. Compute federal income tax withholdings.	Daily Homework - Weeks 3-16 Exams - Weeks 4, 8, 12 ,16
5. Compute federal unemployment taxes based on the Federal Unemployment Tax Act laws.	Daily Homework - Weeks 4-7 Exam - Week 8
6. 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
7. Journalize and post payroll entries in the general journal and general ledgers.	Daily Homework - Week 4-16 Exams - Week 8, 12, 16
8. 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

Standard Grading Scale
93-100 A

90 - 92 A-

87- 89 B+

83 - 86 B

80 -82 B-

77- 79 C+

73 - 76 C

70 -72 C-

67- 69 D+

63 - 66 D

60 -62 D-

00- 59 F

Statement on Diversity
North Central State College believes that every student is a valued and equal member of the community.* Every student brings different experiences to the College, and all are important in enriching academic life and developing greater understanding and appreciation of one another. Therefore, NC State College creates an inclusive culture in which students feel comfortable sharing their experiences. Discrimination and prejudice have no place on the campus, and the College takes any complaint in this regard seriously. Students encountering aspects of the instruction that result in barriers to their sense of being included and respected should contact the instructor, assistant dean, or dean without fear of reprisal.

*Inclusive of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status (past, present or future), disability, age (40 years or older), status as a parent during pregnancy and immediately after the birth of a child, status as a parent of a young child, status as a foster parent, genetic information, or sexual orientation,

Standard NCSC Course Policies
Important information regarding College Procedures and Policies can be found on the syllabus supplement located at this link