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Topic: Gross pay


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  Salary - Wikipedia, the free encyclopedia
While there is no first pay stub documenting the first work-for-pay exchange, the first salaried work would have required a human society advanced enough to have a barter system to allow work to be exchanged for goods or other work.
More commonly, servitude either received no pay, as with slavery, serfdom, and indentured servitude, or received only fraction of what was produced, as with sharecropping.
Salary (also now known as fixed pay) is coming to be seen as part of a "total rewards" system which includes variable pay (such as bonuses, incentive pay, and commissions), benefits and perquisites (or perks), and various other tools which help employers link rewards to an employee's measured performance.
en.wikipedia.org /wiki/Gross_pay   (1056 words)

  
 Gross Versus Net   (Site not responding. Last check: 2007-10-30)
Gross pay is your total pay for this pay period before deductions, reductions and taxes have been subtracted.
Net pay is your take-home pay after reductions, taxes and deduction have been subtracted from your gross pay.
Regardless of whether an employee chooses to repay the gross amount or the net amount of their overpayment, their reductions, deductions and taxes will be restored to the appropriate level.
www.washington.edu /admin/payroll/overpaygross.html   (308 words)

  
 GAP 101.56: Biweekly Leave/Gross Pay Computation/Distribution Report
The Biweekly Leave/Gross Pay Computation/Distribution Report is a combined report, for each pay point, which has been designed to furnish in one document information regarding an employee's sick and vacation leave data, gross pay computations, and the accounting code distribution(s) of each pay check.
In addition, this report provides percentage distribution of pay (or effort) for the indicated pay period which should be reviewed by a responsible person(s) (normally department heads or supervisors), having first hand knowledge of all the activities of each employee or employees listed.
The distribution of the gross pay of the primary position's cost is shown with the accounting code(s), percentage for each code, and the applicable amount charged to each code.
www.finsvc.duke.edu /gap/p101-56.html   (1788 words)

  
 Paycheck and Advice of Deposit Explanation
Net Pay: Your take-home pay after reductions, taxes and deductions have been subtracted from your total pay (gross pay).
Pay Period Ending: Last day of the pay period for which this paycheck is issued.
Taxable Gross: The portion of your pay subject to federal withholding tax after reductions have been subtracted.
www.washington.edu /admin/payroll/advice.html   (515 words)

  
 payroll
The payroll unit begins with calculating gross pay for both salary and hourly occupations.
Gross pay is then calculated for commission and piece-work occupations.
Net pay is calculated by subtracting federal tax, state tax, and social security tax from the gross pay.
my.athenet.net /~koeller/payroll.htm   (237 words)

  
 GAP 101.55: Gross Pay Computations
Gross pay for biweekly-paid employees is computed according to the University's policies and the Fair Labor Standards Act (FLSA).
The calculation of gross pay for an employee is the summation of all types of pay earned for the pay period.
The gross pay calculations for employees whose overtime hours are determined for a 7-day workweek (overtime codes 1 and 3) and employees whose overtime hours are determined for a 14-day workweek (overtime code 2) are outlined on the following page.
www.finsvc.duke.edu /finsvc/gap/p101-55.html   (481 words)

  
 FAU, BOSP - VOL V, SECTION 4   (Site not responding. Last check: 2007-10-30)
Agencies may request back pay or reinstatement wages for an employee only when issued a legally binding written order, such as a reinstatement order, settlement agreement, or court order, stating that the employee is to receive such payments.
The schedule is prepared pay period by pay period for the term of the reinstatement or back pay, showing the calculation of gross pay to net salary.
Note, for each pay period, record the pay period beginning and ending dates, gross before interim earnings, interim earnings, and gross after interim earnings, for each pay period involved, sub-totaling by the calendar year in which the payment would have been received.
www.fau.edu /admin/fiscal/payroll/vv_s4.htm   (3149 words)

  
 Payroll Calculations
Calculate the gross pay for the 40 hours and then calculate the overtime pay by multiplying the number of hours over 40 by one and one-half times the employee's regular rate of pay.
If the normal workweek is less than 40 hours the employer does not have to pay for the "overtime hours" up to 40 hours as long as there is an agreement that the salary covers all hours worked up to and including 40 hours.
The highest hourly rate can be used to calculate the overtime premium, or the average rate method can be used, or if an agreement exists in advance of the work, the rate in effect for the hours worked over 40 can be used.
www.pineapplelane.com /payrollaccounting/Calculations.htm   (820 words)

  
 OSU Human Resources
The OTRS Gross-Up Salary Additive provides a means for departments to increase pay to offset OTRS deductions from pay for employees who are mandated into OTRS and have to pay their own member OTRS contributions.
Since the cost of OTRS is 7% of total compensation (pay plus benefits), the 7% of pay gross-up covers most, but not all, of the cost.
The begin date should be the first of the month in which the employee is mandated to pay the OTRS and continues until the employee becomes eligible for OSU’s 7-11 retirement program.
www.okstate.edu /osu_per/docfiles/otrs_gross.htm   (604 words)

  
 Nannytax - net v gross pay
A nanny on a gross pay will see the direct effects of changes in legislation through paying more or less tax and NI, which will make it easier for her to make an educated decision when it is time to vote.
A gross wage agreement is also essential if the nanny wants to get a personal loan or a mortgage, as the figure the bank will be interested in is her gross salary.
By agreeing a net pay the employer is essentially writing a blank cheque – committing to pay all nanny’s tax and National Insurance contributions, irrespective of any changes in the legislation and without taking into account her individual tax code or tax position.
www.nannytax.co.uk /agencies/netvgross.html   (464 words)

  
 Payroll Deductions
This is your gross pay, before any deductions, for the pay period.
This is the percent of your gross income you put into a taxable deferred retirement account such as a 401(k) or 403(b).
Dividing the amount of tax by the number of pay periods per year to arrive at the amount of federal withholding tax to be deducted per pay period.
www.cpadirectory.com /cpaclientcenter/calcs/payroll.html   (836 words)

  
 Understanding your pay stub - workopolis.com   (Site not responding. Last check: 2007-10-30)
For instance, gross pay doesn't only consist of the salary or wage earned by a worker.
Taxable allowances are also a component of gross pay and include such things as car allowances.
Because net pay is the difference between gross pay and deductions, you should also review the deductions coming off your pay stub every period.
www.workopolis.com /servlet/Content/torontostar/20040127/paystub?section=TORSTAR   (906 words)

  
 What is gross payroll?
Gross payroll may be designated as wages, salary, bonuses, commissions, or profit sharing or substitutes for money.
Gross payment may be earned on a job-by-job basis, commission basis, piecework, or straight salary.
Start with gross payroll and subtract those wages as indicated as excluded to arrive at the subject payroll to be reported.
www.idahosif.org /compUpdate/grosspayroll.htm   (810 words)

  
 How the position of payroll items affects calculating gross pay
gross = salary + hourly wages + commissions + company contributions + additions to gross (in the order you add them to the table).
The position that an addition to gross pay has in the Employee Template or the Preview Paycheck window affects how QuickPayroll calculates deductions based on a percentage of gross.
An employee has a salary of $1000, an addition to gross of $100, and a 2% deduction from gross.
web.intuit.com /support/quickpayroll/docs/w_calcgross.html   (216 words)

  
 How to Read Your Paystub
This is a general heading for two columns which show the total gross pay, all deductions, and the resulting net pay for the current pay period and the pay year-to-date.
This is the gross pay for this pay period and the year-to-date, including COLA.
FLSA work hours and FLSA overtime pay is printed on the EandD whenever work hours for one or both weeks of the pay period exceeds forty (40) hours for nonexempt employees.
www.postalmag.com /paystub.htm   (1434 words)

  
 Pay Check Stubs   (Site not responding. Last check: 2007-10-30)
The UCLA pay check stub is produced for all employees who do not have direct deposit for each payday that the employee is due to receive pay from the University.
This section lists the total current gross earnings for this payday, year to date gross earnings, taxable earnings for this payday, year to date taxable earnings, taxes paid for this payday, year to date total taxes, total deductions for this payday, and net earnings for this payday.
The gross earnings are reduced by certain deductions which reduce the taxable gross for federal and state income taxes and therefore reduce the amount of federal and state income taxes withheld.
www.payroll.ucla.edu /employee/paycheck.htm   (1080 words)

  
 JMU - Payroll: Direct Deposit Advice Information
When a deduction is taken on a BEFORE TAX basis, the amount of the deduction is subtracted directly from your gross pay before taxes are calculated, thus reducing the amount of your tax liability.
When a deduction is taken on a AFTER TAX basis, the amount of the deduction is subtracted from your gross pay after taxes are calculated.
This amount is added to your Federal Taxable Gross per pay period as it is a taxable benefit to the employee per IRS Tax Regulations.
www.jmu.edu /payroll/paycheckexp.shtml   (981 words)

  
 2.6.2 PAYROLL ADJUSTMENT (C/H/O)   (Site not responding. Last check: 2007-10-30)
The H transaction will update the employee's gross pay and deduction balances on the EDB, including the employee's deductions in reports, and distributes payroll expense to the appropriate accounts.
GROSS AMT (Gross Amount) Enter the total gross amount to be paid, or adjusted.
PAY END Enter the 6-digit pay period ending date of the check/advice or overpayment.
www.cu.edu /pubs/payroll/manual2/6_2cho.html   (3016 words)

  
 [No title]   (Site not responding. Last check: 2007-10-30)
In fact, it is possible to direct one \rquote s pay into as many as three different banks and up to four different accounts among those three banks.
It should be noted that the amount which may be direct deposited is the amount of net pay due the employee after all taxes and deductions have been withheld from your gross pay.
We will provide you with a pay stub which documents your gross and net pay along with details of all pays, taxes and deduction.
www.state.me.us /bhr/statetng/handbook/payroll2.doc   (622 words)

  
 RealPay - Gross Pay Calculation & Records System
Pay rates for each type of work and allowances can be specified for each member of staff (with start and end dates for each rate)
When work is booked in as completed it becomes eligible for payment when gross pay is calculated.
Optionally a file can be generated to pass Gross Pay amounts to a payroll package.
www.realcom.co.uk /realpay.html   (469 words)

  
 Office of Payroll Administration
Your bi-weekly pay is calculated by multiplying your daily or hourly rate times the number of days or hours you are paid.
In leap years, the calculation of your bi-weekly gross is based on 366 days; these calculations are normally based on 365 days.
Your bi-weekly gross changes slightly in the first pay period of a leap year and the first pay period after the leap year ends due to the one day difference.
www.nyc.gov /html/opa/html/getting_paid/payrate_calculator.shtml   (428 words)

  
 Payroll
If an employee is salaried, divide their salary by the number of pay periods in a year, this will give you their gross pay for the pay period.
The Circular E is broken down into tables by pay period frequency, amount of pay, single or married and the number of dependents.
Gross pay is multiplied by 6.2% for the first $62,700 of wages for 1996 (this amount changes annually and can be found in your Circular E).
www.meetingbusinessneeds.com /payroll.asp   (678 words)

  
 Calculation Methods   (Site not responding. Last check: 2007-10-30)
Federal Taxable Gross wages are annualized by multiplying the employee's federal taxable gross for the period by the number of payroll periods per year.
As a result, the employee does not pay employment taxes for federal withholding, state withholding, OASDI, and Medicare on the compensation reduction amount or parking fee and the unemployment compensation insurance (UCI) gross will be reduced by the compensation reduction amount or parking fee.
The annual maximum contribution is $15,000 or 25% of federal taxable gross pay.
www.payroll.ku.edu /calculation_methods.aspx   (3183 words)

  
 Understanding Taxable Gross
This is found in the "Hours and Earnings" section of your pay statement.
They must be added to your total YTD gross pay.
Subtract all YTD "Before-Tax Deductions." The amount remaining is equal to your taxable gross.
www1.umn.edu /ohr/compensation/paytaxes/taxablegross.html   (107 words)

  
 Pay Advance Procedure
The number of hours to be advanced will be limited to the equivalent of a 10-day work schedule for the particular employee and only 65% of gross pay based on total hours requested will be advanced.
The pay advance will be deducted from the employee's next regularly scheduled paycheck.
Pay advances will be limited to one within a twelve month period.
www.brynmawr.edu /comptroller/Policies/PayAdvance.htm   (165 words)

  
 Additional Employee Information   (Site not responding. Last check: 2007-10-30)
Pay Type - A description of your Pay type is displayed at the bottom of the screen.
This may also be the percentage of hours to accumulate for a pay type.
If an employee is terminated and then is rehired, their previous employee number may be reused; pay the terminated employee and that will reactivate them.
www.cspayroll.com /manual/page8.htm   (1040 words)

  
 My Paycheck--Ohio State Human Resources   (Site not responding. Last check: 2007-10-30)
Employee Pay Group shows whether you are paid biweekly or monthly, and whether you are eligible for overtime (non-exempt) or not (exempt).
Pay Period Begin and End Dates list the time period for which you are being paid.
The Taxes section is a breakout of the taxes withheld for the Current Pay Period and Year-to-Date.
hr.osu.edu /payroll/mypay.htm   (742 words)

  
 Year-to-Date   (Site not responding. Last check: 2007-10-30)
YTD Gross is the sum of each pay cycle’s total gross earnings, from Dec. 16th of the previous year through Dec. 15th of the current year.
is the sum of each pay cycle’s total gross earnings, from Dec. 16th of the previous year through Dec. 15th of the current year.
Med Gross Med Gross (Medicare gross) represents the year-to-date amount of gross pay subject to the hospital insurance deduction.
www.wsu.edu /payroll/stntpay/hrpaych/yeartodate.htm   (310 words)

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