ACCT 105: Business & Payroll Tax Accounting [RE]

A study of the various aspects of federal, state, and local taxes levied upon business. Emphasis placed on Federal Income and Social Security tax withholding, sales tax requirements, and various state regulations regarding employee health, safety, unemployment insurance, and business and occupation tax. Students practice completion of various tax reports and maintenance of accurate tax-related records. Offered spring quarter only. Course Outcomes: 1. Implement human resource and accounting recording keeping in accordance with various payroll laws. 2. Prepare payroll data within payroll and accounting records 3. Explain how procedures are employed within a payroll system 4. Apply basic Washington State Business Excise Tax laws 5. Identify payroll law from valid sources 6. Integrate payroll law in a simulated business environment 7. Execute payroll recording functions in using technology