Payroll Accounting
Issued by
Community College of Vermont
Earners of this badge are able to apply their knowledge of payroll operations: preparation of payroll registers, recording of accounting entries, and preparation of payroll tax returns required of businesses. Earners are also introduced to the Fair Labor Standards Act and other relevant laws affecting payroll operations and employment practices today.
- Type Validation
- Level Foundational
- Time Weeks
- Cost Paid
Earning Criteria
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Complete readings and assignments in 5 modules. Topics include legal, legislative, and ethical concerns in payroll accounting, gross pay calculations, fringe benefits, withholdings, reporting payroll, and recording and journalizing payroll transactions.
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Apply knowledge of payroll accounting concepts through a series of exercises and problems, and a final exam.
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Create a payroll journal and payroll register in Excel and generate accounting entries for payroll that accounts for deductions, withholdings, and fringe benefits.