Even though your payroll calculations may be completed by a vendor application or an in-house, IT-developed program, understanding gross, taxable gross, pre-and post-tax deductions, and order of precedence are all factors in getting to both gross and net. The COVID pandemic has also complicated calculations in a few ways. This online seminar will assist payroll users in that. Even if you only have a few hourly-paid workers, it is worth it to understand how to calculate their pay each pay period. If you are not clear on the new withholding calculations, this seminar will include a review of withholding calculations.
WHY SHOULD YOU ATTEND?
Plowing through the many rules regarding taxable, non-taxable, and pre-tax deductions and earnings is challenging. We will help you calculate base to gross wages for multiple scenarios. This online seminar will help you respond to the employee who cannot understand why his/her rate is $1,000 per pay period and the paystub says, “Taxable Gross=$920.00”.Do you pay hourly employees with separate hourly rates for different jobs? Do you pay employees in a state that allows pre-tax deductions? Or are you in a state that does not allow pre-tax deductions? This online seminar can help you pay these employees correctly every time. Even if you use a payroll vendor, your team should always know how to calculate wages, to verify calculations are correct. Once you pass the “Gross” hurdle and have captured the taxable gross, you can move on to the gross-to-net calculation, which will highlight voluntary deductions, the amounts available for such deductions, and net pay. This online seminar contains all-new content for 2022!
AREA COVERED
- Taxable vs Salary/Hours
- Blended Rates
- RRP (Regular Rate of Pay) calculation
- Exclusions from taxable
- State differences in taxable calculations
- Additions to and subtractions from the rate
- Taxable items not subject to withholding
- Voluntary and scheduled deductions
- Deduction limits
- gross-to-net calculation
- Calculating Federal tax based on the current Form W-4
LEARNING OBJECTIVES
- Calculating Regular Rate
- Understanding pay frequency
- Gross vs taxable
- Using the new Publication !5-T for calculating Federal Tax
- When to use Supplemental rates
- Updated State Supplemental rates
- State Withholding changes after the revamped W-4 went into effect
WHO WILL BENEFIT?
- Payroll Associate
- Payroll supervisor
Plowing through the many rules regarding taxable, non-taxable, and pre-tax deductions and earnings is challenging. We will help you calculate base to gross wages for multiple scenarios. This online seminar will help you respond to the employee who cannot understand why his/her rate is $1,000 per pay period and the paystub says, “Taxable Gross=$920.00”.Do you pay hourly employees with separate hourly rates for different jobs? Do you pay employees in a state that allows pre-tax deductions? Or are you in a state that does not allow pre-tax deductions? This online seminar can help you pay these employees correctly every time. Even if you use a payroll vendor, your team should always know how to calculate wages, to verify calculations are correct. Once you pass the “Gross” hurdle and have captured the taxable gross, you can move on to the gross-to-net calculation, which will highlight voluntary deductions, the amounts available for such deductions, and net pay. This online seminar contains all-new content for 2022!
- Taxable vs Salary/Hours
- Blended Rates
- RRP (Regular Rate of Pay) calculation
- Exclusions from taxable
- State differences in taxable calculations
- Additions to and subtractions from the rate
- Taxable items not subject to withholding
- Voluntary and scheduled deductions
- Deduction limits
- gross-to-net calculation
- Calculating Federal tax based on the current Form W-4
- Calculating Regular Rate
- Understanding pay frequency
- Gross vs taxable
- Using the new Publication !5-T for calculating Federal Tax
- When to use Supplemental rates
- Updated State Supplemental rates
- State Withholding changes after the revamped W-4 went into effect
- Payroll Associate
- Payroll supervisor
Speaker Profile
Merle Capello is an experienced Payroll Professional who can manage, train and elevate team members, enhancing their skills so that they can be leveraged to benefit clients. Merle is a professional who works to improve processes, by additional knowledge and conforming to rules of compliance. She is also an experienced procedure and policy developer who works to leave a better team behind than the one she finds. Merle is a subject matter expert on compliance, payroll taxes, work rules and payroll best practices. Merle, offers consulting services for those who need a professional's advice and counsel. In her more than …
Upcoming Webinars
California Meal and Rest Breaks: What You Dont Know Can Cos…
Responding to EEOC Discrimination Charges-What's Your Busin…
Implementing an Effective Human Error Reduction Program
Conflict Resolution - Prevent, De-escalate, Resolve
When Employees Travel: Wage and Expense Rules Employers Mus…
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Female to Female Hostility @Workplace: All you Need to Know
Form 1099-MISC and 1099-NEC Compliance Update 2024
Validation Statistics for Non-Statisticians
The Totally Organized Professional Is All About Outcomes
Why EBITDA Doesn't Spell Cash Flow and What Does
GAMP5, Second Edition and Alignment with Computer Software …
Project Management for Non-Project Managers - Scheduling yo…
Sunshine Act Reporting - Clarification for Clinical Research
Understanding the Math of HR… So You Can Show How HR Impact…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
How to Address ISO's New Climate Change Requirements
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Re-imagine Finance & Accounting Made Simple. Three Webinars…
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
How To Conduct An Internal Harassment And Bullying Investig…
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Managing Toxic & Other Employees Who Have Attitude Issues
Analytical Method Validation Under Good Laboratory Practic…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Do's and Don'ts of Giving Effective Feedback for Performanc…
Onboarding New Hires: Leverage the Potential of Artificial …
Project Management for HR, Administrative Professionals, an…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Using Behavior Based Interviewing for Finding the Best Matc…
How to Document Employee Discussions and Why it is Important
Stressed Out: How to Handle Conflict, Difficult People and …
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Best Practices for Working With Vendors and Suppliers
Understanding the Artificial Intelligence Landscape
Marketing to Medicare or Medicaid Beneficiaries - What You …
Accounting For Non Accountants : Debit, Credits And Financi…
Principles & Practices for the Cybersecurity of Legacy Medi…
Independent Contractor vs. Employee New Rule Issued by The …
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Kicking your Employee Retention Efforts into Overdrive: Sta…