Introduction

In this online seminar, attendees will learn the difference between regular pay, gross pay, and taxable gross, all of which may be different numbers! This can prepare the payroll team to respond to questions from employees who do not understand their paychecks. We will discuss these questions: Do you know if any of your benefit plans are pretax?  If you are in multiple states, are you aware of how each state regards Section 125 or 401k plans?  What about an employer match for your 401k or 403b plan?  Do your benefits include life insurance, and are you aware of how this may affect an employee’s taxable income? Do you understand what is taxable and what is also not subject to withholding? If your employees are paid hourly, do they receive the same hourly pay for all jobs, or are there shift differentials, multiple rates or other additions and changes to the employee’s base rate?  The online seminar will discuss methods to ensure that all possibilities are included when calculating pay. Once you have calculated gross pay and then taxable gross, you can concentrate on gross-to-net calculation.  We will examine voluntary deductions, review limits to deductions as well as deduction rules. If you use a vendor service or SAAS to process your payroll, we will also discuss how to verify that the vendor has encompassed all your variations in their calculations. It is always better to be safe than sorry, so ensure that you can verify each employee’s pay-to-gross calculation.as well as the gross-to-net calculation.

Areas Covered In The Webinar

• Taxable vs Salary/Hours
• Blended Rates
• RROP (Regular Rate of Pay) calculation
• Exclusions from taxable
• State differences in taxable calculations
• Additions to and subtractions from rate
• Taxable items not subject to withholding
• Voluntary and scheduled deductions
• Deduction limits
• Gross-to-net calculation
• Calculating Federal tax based on the current Form W-4 Changes in calculations based on pandemic tax rule changes

Why should you attend?

Plowing through the many rules regarding taxable, non-taxable, and pre-tax deductions and earnings is challenging. We will help you calculate base to gross wages for multiple scenarios.  This online seminar will help you respond to the employee who cannot understand why his/her rate is $1,000 per pay period and the paystub says, “Taxable Gross=$920.00”.Do you pay hourly employees with separate hourly rates for different jobs?  Do you pay employees in a state that allows pretax deductions?  Or are you in a state that does not allow pretax deductions? This online seminar can help you pay these employees correctly every time. Even if you use a payroll vendor, your team should always know how to calculate wages, to verify calculations are correct. Once you pass the “Gross” hurdle, and have captured the taxable gross, you can move on to the gross-to-net calculation, which will highlight voluntary deductions, the amounts available for such deductions, and net pay. This online seminar contains updated content for 2023!

Who Will Benefit

• Payroll Associate
• Payroll Analyst
• payroll supervisor