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Credits

Sponsored by Lorman Education
Product ID: 405394EAU
 
Credit & Course Provided by:

Paycheck Calculation Basics

OnDemand Webinar (88 minutes)

Gain valuable insights into the complex process of payroll calculations. The calculations of payroll can be a complex process. To ensure calculations are correct payroll professionals must be meticulous when calculating the statutory and non-statutory deductions. There are a variety of calculation methods, if payroll calculations are incorrect employers and employees could possibly be subject to hefty federal and state penalties and fines.

Authors

Clarissia L. Harris, CPP, MBA, Guarantee Payroll Service of Atlanta

Agenda

The Concepts of Taxable and Non-Taxable Wages

Various Types of Deductions Reduce the Taxable Wages

How Post Deductions Impact the Net Pay

Percentage Method Step by Step Calculations

Basic and Advance Payroll Calculations

Gross to Net Payroll Calculations

Nonexempt and Exempt - Why It's Important

The Purpose of a Workweek and How It Impacts Payroll Calculation

The Hospital and Nursing Home 8/80 Rule

What Pay Components Are Included to Determine Regular Rate of Pay

Piece Rate and Wage Average Calculation Methods

The Calculation of Overtime Rate and Overtime Premium Pay