Remove 2019 Remove Gross Pay Remove Taxes
article thumbnail

Buyer’s guide to bikes-for-work schemes

Employee Benefits

Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. Are there any potential tax or legal issues ? The appeal of bikes-to-work schemes may, in part, lie in the potential national insurance (NI) and tax savings.

article thumbnail

If You’re Paid Biweekly, You’ll Probably Get an Extra Paycheck in 2020

HR Digest

Or will the amount of each paycheck in 2020 be lower than in 2019? Some employers may choose to divide employees’ annual salary over 27 pay periods instead of 26. This means that gross pay would be 3.7% lower each pay period during 2020 (although you’d make the same total salary).

401(k) 81
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How much will I get while on workers’ compensation?

Workers' Compensation Perspectives

noted that gross pay results in inequities—uneven results for workers due to tax factors and number of dependents, concluding “.spendable It also has a weekly benefit maximum of $1275 as of October 1, 2019. The Commission, chaired by John F. Burton, Jr., Rhode Island mandates a 75% of spendable compensation rate.

article thumbnail

Are low wage earners adequately covered by workers’ compensation?

Workers' Compensation Perspectives

Washington State’s Department of Labor and Industries explains this to injured workers as follows [see form F207-227-000 Calculation of Monthly Wage as a Basis for Time-Loss Compensation 04-2019 ] : Time-loss benefits are also based on your marital and dependent status. If you are married, an additional 5% will be paid. Burton, Jr.,

article thumbnail

Are wages or salary fully covered by workers’ compensation insurance?

Workers' Compensation Perspectives

There is no universal standard for the percentage of gross or net (often referred to as “spendable” earnings). Exactly which portions of total compensation go into the calculation of gross may vary (see section on excluded earnings). Workers’ like Marion will have a higher proportion of their gross earnings withheld for taxes.