Form-al Attire Required
By January 31st, an employer must provide each of their employees with one of these, which summarizes the employee's earnings and taxes withheld for the previous year.
What is a W2?
Most companies use these to keep track of an hourly wage employee's working hours.
What is a timecard?
These three things make up an employee's net pay.
What are earnings, deductions, and taxes?
SUI is an acronym for this.
What is State Unemployment Insurance?
Before hitting the spreadsheets, this employee hit holy high notes at the Vatican.
Who is Jessica, our party puppeteer and backstage architect for National Payroll Week? Thanks, Jessica!
What is direct deposit?
This is the standard number of hours for a full-time employee in a single year.
What is 2080?
In Missouri, this is paid to employees who work over 40 hours in a standard workweek.
What is Overtime?
This insurance is designed to protect business owners and their employees from potential financial disaster if an employee is injured on the job.
What is Workers' Compensation Insurance?
Following a financial windfall, this employee would gladly trade office life for olive oil and a fire brick oven. That's Amore!
Who is Jason, our event alchemist for National Payroll Week? Thanks, Jason!
This form is filled out by every employee that works in the United States and tells your employer how much federal income tax to withhold from your paycheck.
What is a W4?
These are the three most common types of leave for employees in the United States.
What are vacation, sick, and PTO?
This is paid to an employee who did not earn enough (wages plus other earnings) to meet the Federal minimum wage threshold.
What is minimum wage makeup or minimum wage credit?
These are payments to an employee that aren't considered regular pay. Most are taxable, but some are not!
What are fringe benefits?
This person possesses an all-inclusive musical palate, but thinks that her singing voice would leave the office wishing for radio silence.
Who is Jill, the "celebration conductor" for National Payroll Week? Thanks, Jill!
This form is used by businesses to report income, as well as Social Security and Medicare taxes withheld from employees' paychecks.
What is the 941 (Employee's Quarterly Federal Tax Return)?
You may qualify for this amount of job-protected leave if your employer has 50+ employees and you qualify for family or medical reasons.
What are 12 weeks a year?
These are agreed-upon deductions, not required by law, that can be pre-tax or post- tax.
What are Voluntary deductions?
This is a deduction for funds owed to the government.
What is a tax levy?
Instead of celebrating May the 4th, this employee would rather 'explore strange new worlds and new civilizations' with Captain Picard!
Who is Sherry?
The I-9 is a federal document that verifies an employee's right to work in the United States and must be completed by the employer within this time period.
What are 3 days from the start of the employee's job?
These hours are most often used to calculate PTO.
What are regular or worked hours?
These employees do not have to track their hours for very specific legal reasons.
What are exempt employees?
This is a 100% employer-paid tax on the first $9K of each employee's wages annually.
What is SUTA or State Unemployment Tax Act?
'Rah Rah Ri, kick 'em in the knee! Rah Rah rass, kick 'em in the other knee!' might have been something this cheerleader for Hickman HS cheered many years ago!
Who is our fearless leader, Cathy, the behind-the-scenes-boss who sponsored this fun National Payroll Week and to whom we owe our thanks?