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
Record keeping procedures required by businesses that have employees.
The various methods of calculation of wages.
Required tax forms related to payroll and business taxes.
Laws applicable to employees such as the Fair Labor Standards Act, equal employment acts, and the laws applicable to the taxation of employment.
Washington State tax laws for the state employment related taxes and state excise taxes.
Student Outcomes
- Determine taxable wages.
- Calculate payroll taxes.
- Apply laws applicable to the area of payroll.
- Create bookkeeping entries associated with payroll activity.
- Describe supplementary records required for payroll activity.
- Prepare federal, state and local payroll tax filings.
- Determine taxable business activity for state and local reporting.
- 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 Literacy: Graduates will be critical users, creators, and disseminators of information by examining how information is created, valued, and influenced by power and privilege.
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.
Global Citizenship: Graduates will be able to critically examine the relationship between self, community, and/or environments, and to evaluate and articulate potential impacts of choices, actions, and contributions for the creation of sustainable and equitable systems.
Lecture Contact Hours 50
Lab Contact Hours 0
Clinical Contact Hours 0
Total Contact Hours 50
Potential Methods
True/False and Multiple choice test
Short computational exam
Class participation and discussion
Homework assignments
Comprehensive problems
Oral solutions to problems
Group projects
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