Business Management AAS Degree - Human Resources Rasmussen College

Request Information. Gain a valuable understanding of how these fundamental components interact and impact business. Coverage includes all basic business principles (AP/AR, payroll, tax preparation) as well as human resources, employment law, and benefits management. Successful graduates will be prepared and qualified for entry-level positions in both Business and Human Resources Management.

IRS Reasonable Executive Compensation

This taxation course reviews the U.S. Internal Revenue Service (IRS) federal income tax standards for reasonable compensation of stockholder-employees in closely held corporations. Reasonable compensation challenges result from the IRS suspicion that stockholder-employees have paid themselves so as to improperly reduce their taxes through underpayment or overpayment of compensation, depending on the type of corporation. This course looks at IRS reasonable compensation standards as applied to the following: a sole proprietorship, partnership, small business, limited liability company, subchapter S corporation, C corporation, and tax-exempt nonprofit organization. We teach reasonable-compensation analyses based upon executive compensation salary surveys, proxies, and IRS form 990’s.

Avoiding Illegal Discrimination

Federal and state laws prohibit you from discriminating against an employee or applicant because of race, color, gender, religious beliefs, national origin, physical disability—or age if the person is at least 40 years old.

Workers' Compensation Lost Wages

This course teaches you how to determine lost wages for Workers’ Compensation. Case examples include short-term disability, long-term disability, and wrongful death. In addition, you will learn how to calculate front pay and back pay for a whistleblower wrongfully fired, an employee underpaid according to the Equal Pay Act of 1963, someone who leaves a job due to sexual harassment, or an individual not hired due to discrimination. Upon completion of this course, you will be able to make a net present value calculation using ERI’s Salary Assessor®software.

Intermediate Sanctions

This course provides an overview of how intermediate sanctions (Internal Revenue Code § 4958) impact executive compensation arrangements. Intermediate sanctions are aimed at curbing abuse that occurs in 501(c)(3) and 501(c)(4) tax-exempt organizations relating to overcompensation of individuals in control at these firms. This course will examine the organizations covered, the individuals involved, and the penalties associated with excess benefit. In addition, we will look at how to avoid intermediate sanctions relating to issues of reasonable compensation. (Other transactions to which intermediate sanctions may apply, including property transfers and below-market loans, are not covered in this course.)