ACCT 275 Payroll and Business Taxes (5 credits)
Formerly ACCNT 275
Prerequisite ACCT 101 or ACCT& 201 with at least a 2.0 grade.
Course Description
Payroll preparations, payroll tax laws, accounting procedures and supplemental records. Preparation of required returns for federal and state payroll and business taxes (including manual and computerized payroll problems).
Course Content
A. Record keeping procedures required by businesses that have employees.
B. The various methods of calculation of wages.
C. Required tax forms related to payroll and business taxes.
D. Laws applicable to employees such as the Fair Labor Standards Act, equal employment acts, and the laws applicable to the taxation of employment.
E. Washington State tax laws for the state employment related taxes and state excise taxes.
Student Outcomes
1. Determine taxable wages.
2. Calculate payroll taxes.
3. Demonstrate understanding of and apply laws applicable to the area of payroll.
4. Create bookkeeping entries associated with payroll activity.
5. Describe supplementary records required for payroll activity.
6. Prepare federal, state and local payroll tax filings.
7. Determine taxable business activity for state and local reporting.
8. Compile tax reports for state and local taxing authorities.
Degree Outcomes
Program Outcome: Possess knowledge of and be ready to perform basic functions of bookkeeping/accounting procedures and duties as required in the entry level bookkeeping/accounting positions.
Information Competency: Graduates will be able to seek, find, evaluate and use information and employ information technology to engage in lifelong learning.
Critical, Creative, and Reflective Thinking: Graduates will evaluate, analyze, synthesize, and generate ideas; construct informed, meaningful, and justifiable conclusions; and process feelings, beliefs, biases, strengths, and weaknesses as they relate to their thinking, decisions, and creations.
Multiculturalism: Graduates will demonstrate knowledge of diverse ideas, cultures, and experiences, and develop the ability to examine their own attitudes and assumptions in order to understand and work with others who differ from themselves.
Lecture Contact Hours 50
Lab Contact Hours 0
Clinical Contact Hours 0
Total Contact Hours 50
Potential Methods
A. True/False and Multiple choice test
B. Short computational exam
C. Class participation and discussion
D. Homework assignments
E. Comprehensive problems
F. Oral solutions to problems
G. Group projects
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