Paycheck Calculation Basics (OnDemand Webinar)

$149.00

SKU: 411320EAU

Description

Gain valuable insights into the complex process of payroll calculations.It is important to take the time to learn how to calculate paychecks properly for any business. There are many companies that use payroll services. However, companies should still know what goes into the payroll calculations by understanding the basics. Understanding the basics of paycheck calculations will help companies by ensuring there are no fines because of improper deductions. This webinar will help you understand the basics such as total work time for exempt employees versus nonexempt employees as well as calculating the gross pay before deductions and taxes. Along with calculating gross pay, it is important to understand the sum of payroll taxes and finally the net pay calculations. The webinar will cover common deductions and penalties for missed or late payments. Calculating payroll becomes more complex as you hire additional employees. The ultimate goal is to pay employees properly and ensure all applicable tax agencies receive the correct amount on time. This program will help with this.

Date: 2024-04-03 Start Time: End Time:

Learning Objectives

Calculating Gross Pay
• Definition
• Differences Between Gross Pay and Net Pay
• How to Calculate
• Overtime Calculations

Tax Calculations
• Understanding Payroll Tax Calculations
• Federal Payroll Tax Rate
• State Payroll Taxes

Net Pay Calculations
• Payroll Costs and Deductions
• Common Deductions
• Penalties for Missed or Late Payments

SHRM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

John A. Snow-Parsons Behle & Latimer

Paycheck Calculation Basics (OnDemand Webinar)

$199.00

SKU: 407492EAU

Description

Gain valuable insights into the complex process of payroll calculations.This topic is designed for persons who are responsible for calculating employee pay manually, testing the validity of the payroll system that calculates employee pay, or responsible for answering questions regarding the calculation of employee pay. This material will help you take away valuable information to ensure you can handle various calculation scenarios with confidence.

Date: 2020-06-17 Start Time: End Time:

Learning Objectives

Calculating Gross Pay
• Regular Rate of Pay Recap
• Inclusions
• Exclusions
• Components of Gross Pay
• Hourly
• Salary
• Piece Rate
• Commission
• Tip Pay
• Cash vs. Noncash Payments
• Impact on Net Pay
• Examples

Taxes and Other Deductions
• Federal Taxes
• Calculation Types
• FICA(Social Security and Medicare Taxes)
• State Taxes
• Other Deductions
• Voluntary
• Involuntary
• Pre-Taxed vs. Post-Taxed
• Gross Ups

Net Pay Calculation
• Calculating Net Pay
• FLSA Minimum Wage
• Wage Assignment and Other Garnishment Impact
• Disposable Pay

No Credit Available

Veronica B. King, CPP, PB-Pay-Pro Business and Consumer Resources