I. General Information
1. Course Title:
Labor, Risk and Tax Management
2. Course Prefix & Number:
SCMT 1135
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course covers unique labor, insurance and tax circumstances that pertain to the business of producing and selling fruits and vegetables in direct market and wholesale outlets. Students will learn about options for buying crop insurance for specialty crops, and will also learn steps they can take to reduce their liability insurance.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 1135 - Labor, Risk and Tax Management
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 1135 - Labor, Risk and Tax Management
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Specialty Crops Management, Diploma
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Assess alternative solutions to a problem |
Compare crop insurance programs sponsored by the USDA with insurance programs carried by private companies |
| Apply abstract ideas to concrete situations |
Describe how management decisions concerning piece rate versus hourly rate and other issues will affect worker productivity |
| Apply ethical principles in decision-making |
Explain the importance of following government regulations for hiring employees |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify the different types of business structures such as sole proprietor and LLC
- Determine insurance needs for business and for crops
- Determine potential hazards to the public
- Summarize Worker Protection Standards
- Explain under what circumstances workers compensation insurance is needed
- Give examples of minimum wage requirements
- Determine when Social Security and State and Federal taxes should be held
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Business structures available to specialty crop producers
- Sole proprietor
- Partnership
- Limited Liability Corporation
- Tax and liability concerns associated with different business structures
- Sole proprietor
- Limited Liability corporation
- Government sponsored insurance for specialty crops
- Insurance for specific crop losses
- NAP insurance
- Hail insurance
- Whole farm insurance
- Other types of insurance
- Liability Insurance
- Procedures that can raise or lower liability insurance
- Explain when Workers Compensation Insurance is needed
- Identify wage requirements for employees
- Minimum wages
- The wage and hour requirements for piece work
- Interpret when Social Security taxes should be withheld
I. General Information
1. Course Title:
Labor, Risk and Tax Management
2. Course Prefix & Number:
SCMT 1135
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course covers unique labor, insurance and tax circumstances that pertain to the business of producing and selling fruits and vegetables in direct market and wholesale outlets. Students will learn about options for buying crop insurance for specialty crops, and will also learn steps they can take to reduce their liability insurance.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 1135 - Labor, Risk and Tax Management
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 1135 - Labor, Risk and Tax Management
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Specialty Crops Management, Diploma
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Apply abstract ideas to concrete situations |
Describe how management decisions concerning piece rate versus hourly rate and other issues will affect worker productivity |
| Apply ethical principles in decision-making |
Explain the importance of following government regulations for hiring employees |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify the different types of business structures such as sole proprietor and LLC
- Determine insurance needs for business and for crops
- Determine potential hazards to the public
- Summarize Worker Protection Standards
- Explain under what circumstances workers compensation insurance is needed
- Give examples of minimum wage requirements
- Determine when Social Security and State and Federal taxes should be held
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Business structures available to specialty crop producers
- Sole proprietor
- Partnership
- Limited Liability Corporation
- Tax and liability concerns associated with different business structures
- Sole proprietor
- Limited Liability corporation
- Government sponsored insurance for specialty crops
- Insurance for specific crop losses
- NAP insurance
- Hail insurance
- Whole farm insurance
- Other types of insurance
- Liability Insurance
- Procedures that can raise or lower liability insurance
- Explain when Workers Compensation Insurance is needed
- Identify wage requirements for employees
- Minimum wages
- The wage and hour requirements for piece work
- Interpret when Social Security taxes should be withheld