Todd Wallack
Deductions: This section includes federal, state, and local taxes, as well as any other deductions that may have been taken from the employee’s pay, such as insurance or 401(k) contributions. Net Pay: This is the final amount of money an employee receives after all deductions have been ...
The entire process of creating a pay stub online will take you just a few minutes. Our intuitive form will even help you auto-calculate amounts that should be withheld for federal and state income taxes, FICA, Medicare, and Social Security Taxes. The form will calculate all gross, net, an...
The IRS offers a series of directions on its website to help US citizens figure out their taxes. Here’s a rundown of what’s available and where you can find it.
Florida North Carolina South Carolina If your employees work in one of the above four states, you should still contact your state to verify you can run bimonthly payroll. What about taxes? Another thing you need to consider if you run payroll once every two months is how you’ll handle em...
Like bankruptcy, a settlement will appear on your credit report, hurting your credit score. Likewise, in certain situations, you may have to pay income taxes on the amount discharged, as your state and the federal government will see this as income. ...
Overtime can seem complicated at times, but we’re here to help. In this article, we go over what overtime is, how much it pays, and who qualifies.
I am a salaried employee for a political PR company working between 50-60 hours per week for a campaign. I am compensated $2400 a month, $1950 after taxes. Am I entitled to overtime pay as per the FLSA? Posted by Trina Thompson ...
Even if your company creates pay stubs online, make sure to backup all necessary documents. Don’t forget to safely shred documents that you want to dispose of especially ones that contain social security taxes and numbers. This prevents the possibility of fraud, scams, and identity theft. Ho...
State and Local Taxes (SALT) You may also see state taxes deducted from your paycheck. State tax rates vary significantly from state to state; some states, like Florida and Texas, don’t have a state income tax. If you need to paystate income taxes, they are calculated in much the same...