3 hours lecture per week
Recommended Preparation: ICS 100 or ICS 101; ACC 201.
This course introduces Federal and state payroll accounting and taxes. You will learn how to record and file your Federal and Hawai`i payroll tax returns as well as your general excise tax accurately and on-time to keep both the IRS and the State tax office off your back.
ACC132 (Online) – PDF
Hi, my name is Stella Kimura and I am here to talk to you about Accounting 132, Payroll and Hawaii General Excise Taxes. This is a hands-on class where you will learn how to calculate wages, social security taxes, federal income tax withholding, and unemployment compensation taxes. You will also learn how to journalize payroll transactions: payroll register, general journal to general ledger and employees’ earnings records. State taxes will also be covered: state withholding, state unemployment compensation and general excise tax or GET. GET has nothing to do with payroll but it’s a good time to give you a good overview of this complex state tax. Thank you.