ACCT 135 Business Payroll Tax Accounting • 3 Cr.


Examines systems and operations of payroll tax accounting. Students learn to prepare Form 941, 940, and W-2. The use of software such as Microsoft Excel is incorporated into the course. Topics include the Fair Labor Standards Act and Social Security Act. Recommended: ACCT 101.


After completing this class, students should be able to:

  • Apply federal and state laws that affect employees and employer's payroll operation.
  • Record payroll transactions in compliance with GAAP.
  • Compare and explain different methods of wage determination.
  • Prepare payroll forms required by the state and federal government.
  • Demonstrate payroll knowledge by manually completing and describing the payroll cycle.
  • Apply payroll competency by completing a project using a computerized payroll program.
  • Evaluate the effect of employee benefits, withholdings and wages on the accounting equation.