Gain valuable insights into the complex process of payroll calculations.
It is important to take the time to learn how to calculate paychecks properly for any business. There are many companies that use payroll services. However, companies should still know what goes into the payroll calculations by understanding the basics. Understanding the basics of paycheck calculations will help companies by ensuring there are no fines because of improper deductions. This webinar will help you understand the basics such as total work time for exempt employees versus non-exempt employees as well as calculating the gross pay before deductions and taxes. Along with calculating gross pay, it is important to understand the sum of payroll taxes and finally the net pay calculations. The webinar will cover common deductions and penalties for missed or late payments. Calculating payroll becomes more complex as you hire additional employees. The ultimate goal is to pay employees properly and ensure all applicable tax agencies receive the correct amount on time. This program will help with this.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Calculating Gross Pay
- Definition
- Differences Between Gross Pay and Net Pay
- How to Calculate
- Overtime Calculations
Tax Calculations
- Understanding Payroll Tax Calculations
- Federal Payroll Tax Rate
- State Payroll Taxes
Net Pay Calculations
- Payroll Costs and Deductions
- Common Deductions
- Penalties for Missed or Late Payments
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 3, 2024.
Call 1-866-352-9540 for further credit information.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jackie A. Sexson
- Compliance and HR leader
- Former executive director with the legal and human resources consulting firm, The Sexson Group
- Extensive experience in employment and labor law, as well as human resources
- Experience as an attorney with an HR background in employee relations, performance management (360-degree feedback), organizational management, benefits administration, recruitment and selection, compensation, equal employment opportunity, and training and development
- Experience with the public sector, Fortune 500 companies, and small startup companies
- Held director and executive-level positions, and worked as an independent consultant
- Certified as a senior professional in human resources by the Society for Human Resources Management
- J.D. and M.B.A. degrees
- Can be contacted at 334-274-3007 or [email protected]
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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