Paycheck Calculation Basics
1 hour 30 minutes
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.
• You will be able to discuss how to perform basic paycheck calculations to include gross pay, taxes, deductions and net pay.
• You will be able to review components that make up gross pay for the purposes of generating net pay and taxable pay.
• You will be able to identify compliance pitfalls and ways to accurately handle them.
• You will be able to explain pre-taxed vs. post-taxed.