Payroll and Tax Fundamentals (Coursera)

What you'll learn

- The learner will explore fundamental aspects of payroll, including earnings, taxes, deductions and the significance of accurate personal information.

- Explore other employee benefits and look at pay statement details and the W-2, enhancing the understanding of income reporting.

- The importance of payroll date calculations and payment methods.

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.

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.