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Payroll and Tax Fundamentals
ADP Enterprise Learning
ADP Enterprise Learning
Using the pay statement as our roadmap, this course covers the basics of payroll that everyone who receives a paycheck should know. Starting with your classification as an employee, you'll learn why certain new hire forms are required; how to calculate various payroll amounts, including gross and taxable wages, deductions, and certain taxes; how pretax deductions and benefits impact your taxes; and how your pay statement year-to-dates are used to generate a W-2. All this so you can make sure you are being paid accurately.
Register for this course and see more details by visiting:
OpenCourser.com/course/nne6ig/payroll
What's inside
Syllabus
Payroll and Taxes for the Employee
We’ll look at how evaluating whether you are a contractor, or an employee determines what forms you will need to get you on board at your new job. We’ll discuss minimum wage rate, overtime rules and the importance of the calendar when receiving payroll.
Read more
Syllabus
Payroll and Taxes for the Employee
We’ll look at how evaluating whether you are a contractor, or an employee determines what forms you will need to get you on board at your new job. We’ll discuss minimum wage rate, overtime rules and the importance of the calendar when receiving payroll.
Read more
Earnings, Taxes, and Deductions
This week, we’ll discuss different earning types, how gross pay is calculated with overtime and commission, and we’ll take a close look at payroll taxes and other elements impact deductions.
Net Pay, Benefits, and Pay Statement Details
Learn how to recognize the essential components on your pay statement so you know what you are being paid and what is being withheld from your pay. Then, it’s time to learn how these components are used to calculate your net pay and how those amounts are reflected on your annual statement.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Teaches foundational payroll skills to anyone receiving a paycheck
Analyzes various earning types, deductions, and taxes, providing practical knowledge
Empowers learners to understand their pay statements and ensure accurate compensation
Covers essential payroll concepts, making it suitable for beginners in the field
Provides a clear and comprehensive guide to payroll fundamentals
May require additional resources for advanced payroll professionals
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Activities
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Payroll and Tax Fundamentals.
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Career center
Learners who complete Payroll and Tax Fundamentals will develop knowledge and skills
that may be useful to these careers:
Payroll Administrator
Payroll Administrator
Payroll Administrators have a detailed understanding of both Federal and State tax regulations as well as all payroll calculations. Therefore, this course, which covers all aspects of payroll, from gross to taxable wages to deductions, is an excellent foundation for a career in Payroll Administration. This course will ensure that you understand the fundamentals of Payroll and put you in a position to succeed as a Payroll Administrator.
HR Assistant
HR Assistant
HR Assistants help compile employee personnel records, calculate pay and benefits, and complete payroll. This course will provide you with all the essential knowledge needed in order to complete payroll. Additionally, you'll learn about essential components of a pay statement, which is a key part of your responsibilities as an HR Assistant.
Tax Analyst
Tax Analyst
Tax Analysts must have a strong understanding of payroll taxes and how they are calculated. This course will help you develop that understanding and equip you for a career as a Tax Analyst.
Tax Preparer
Tax Preparer
Tax Preparers understand the tax laws thoroughly and are knowledgeable on all available deductions and how they impact tax returns. This course will help you build a base knowledge of the payroll taxes that are foundational to understanding and successfully completing tax returns.
Accountant
Accountant
Accountants must have a strong understanding of payroll, particularly as it relates to financial reporting. This course will help you gain that understanding and prepare you for a career in Accounting.
Payroll Manager
Payroll Manager
Payroll Managers have a comprehensive understanding of all aspects of payroll, including taxes, deductions, and benefits. This course will provide you with all the essential knowledge needed to succeed as a Payroll Manager.
Compensation Analyst
Compensation Analyst
Compensation Analysts help companies determine the compensation and benefits for their employees. This course will provide you with the essential knowledge needed to succeed as a Compensation Analyst.
Financial Analyst
Financial Analyst
Financial Analysts use their knowledge of payroll to understand a company's financial health. This course will help you build that knowledge and put you on the path to a successful career as a Financial Analyst.
Consultant
Consultant
Consultants often advise clients on payroll and tax matters. This course will provide you with the essential knowledge needed to advise clients accurately and effectively.
Auditor
Auditor
Auditors review financial records to ensure accuracy and compliance with regulations. This course will provide you with the essential knowledge needed to understand the payroll and tax aspects of an audit.
Bookkeeper
Bookkeeper
Bookkeepers maintain financial records, including payroll records. This course will provide you with the essential knowledge needed to maintain payroll records accurately.
Office Manager
Office Manager
Office Managers often oversee payroll and other HR functions. This course will provide you with the essential knowledge needed to oversee these functions effectively.
Data Entry Clerk
Data Entry Clerk
Data Entry Clerks enter data into computer systems, including payroll data. This course will provide you with the essential knowledge needed to enter payroll data accurately and efficiently.
Human Resources Manager
Human Resources Manager
Human Resources Managers often oversee payroll and other HR functions. This course will provide you with the essential knowledge needed to oversee these functions effectively.
Entrepreneur
Entrepreneur
Entrepreneurs who own their own businesses need to have a basic understanding of payroll and taxes. This course will provide you with the essential knowledge needed to manage payroll and taxes for your own business.
For more career information including salaries, visit:
OpenCourser.com/course/nne6ig/payroll
Reading list
We've selected nine books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Payroll and Tax Fundamentals.
Provides a comprehensive guide to payroll management for human resource professionals. It covers topics such as payroll administration, compliance, and reporting. It valuable resource for anyone who wants to learn more about payroll management.
Provides a comprehensive guide to payroll administration. It covers topics such as payroll processing, payroll taxes, and benefits. It valuable resource for anyone who wants to learn more about payroll administration.
Save
Provides guidance on payroll processing for nonprofit organizations. It covers topics such as payroll taxes, deductions, and benefits. It valuable resource for anyone who needs to stay compliant with payroll regulations.
Provides guidance on payroll processing for employers. It covers topics such as payroll taxes, withholding allowances, and reporting requirements. It valuable resource for anyone who needs to stay compliant with payroll regulations.
Provides guidance on federal and state payroll laws. It valuable resource for anyone who needs to stay compliant with payroll regulations.
Provides guidance on payroll management for employers. It covers topics such as payroll administration, compliance, and reporting. It valuable resource for anyone who needs to stay compliant with payroll regulations.
Provides detailed information on payroll taxes, including topics such as withholding allowances, tax rates, and tax deadlines. It valuable reference for payroll professionals responsible for payroll tax compliance.
Provides a comprehensive overview of performance management, including topics such as performance appraisal, goal setting, and feedback. It valuable resource for those involved in the design and implementation of performance management systems.
Provides a simplified overview of payroll, including topics such as payroll processing, tax reporting, and compliance. It good choice for those new to payroll or those looking to gain a basic understanding of the basics.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/nne6ig/payroll
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Effort
3 weeks of study, 2-4 hours/week
Level
Introductory
Via
Coursera
Institution
Automatic Data Processing, Inc. (ADP)
Instructor
ADP Enterprise Learning
Language
English
Good to know
Teaches foundational payroll skills to anyone receiving a paycheck
Analyzes various earning types, deductions, and taxes, providing practical knowledge
Empowers learners to understand their pay statements and ensure accurate compensation
Covers essential payroll concepts, making it suitable for beginners in the field
Provides a clear and comprehensive guide to payroll fundamentals
May require additional resources for advanced payroll professionals
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