HR Digest

FEBRUARY 26, 2025

Overtime pay taxes, a boost for hourly workers The Fair Labor Standards Act (FSLA) already mandates that non-exempt employees receive time-and-a-half pay for hours over 40 in a workweek. However, federal income tax, along with Social Security and Medicare deductions, reduce the overall net gain.

Overtime 96

Overtime Taxes Salary Take Home Pay 96

cipHR

NOVEMBER 15, 2021

There are also deductions to consider, such as variable deductions like student loan repayments, which can change month to month if linked to income, or fixed deductions for things like trade union subscription fees or season-ticket loan repayments. Some employers also top these payments up. Personal details. Pension payments.

Pension 98

Pension Gross Pay Payroll Deductible 98

Employee Benefits

JULY 25, 2023

You can aid your employees and business in saving considerable amounts: If you neglect to periodically review your pension, your company might be losing money that could be allocated towards pay raises or bonuses. Relief at Source pension contributions from your employee are taken after tax deduction.

Pension 96

Pension Net Pay Taxes Salary 96

Benefit Resource Inc.

JANUARY 3, 2022

Switch to a high-deductible health plan. Since we had contributed pre-tax to our HSA before birth our take home pay was lower. Benefit Resource (BRI) is here to help you use your pre-tax funds to combat some of the costs that come with welcoming your new addition. Let’s Start from the Beginning.

Taxes 72

Taxes 401(k) Out of Pocket Cost Health Savings Account 72

Abel HR

JUNE 18, 2020

Sure, the dollar figure is important, but some folks really value the extras and can assign dollar values to these perks, especially their health insurance contributions and other deductibles to get a clearer picture of what their take home pay will be and how it might stack up against their current compensation or other offers they may be weighing.

Salary 52

Salary Health Insurance Take Home Pay Bonuses 52

Professionals Alternative

JANUARY 31, 2023

Main Duties of a Human Resources Payroll Job Supervise payroll employees Distribute wages through paper checks or direct transfers Determine tax obligations of the company and council taxes Complete payroll reports Keep all pay records confidential Investigate, resolve, and identify discrepancies in payroll records and employee timesheets Adhere to (..)

Human Resources 52

Human Resources Payroll Payroll Software Take Home Pay 52

Bayzat

FEBRUARY 18, 2024

If it’s outside the normal workday, you pay 1.26 times the regular pay; for night shifts or Fridays, double this amount. Let’s not forget about lawful deductions, such as social security, locals’, or loan repayment. In the case of voluntary deductions, get written authorization. Clear communication is key!

Payroll Software 52

Payroll Software Payroll Software Payroll System 52