Holiday! Celebrate!
Connections
Taxability
Payroll by the Numbers
100

Clients whose check date fall on Black Friday will need to have their payroll ideally submitted by this day.

What is Tuesday (11/24)?


Yes, we will process Friday check dates on Wednesday!

100

GTL, SCorp, Car Allowance, Employee Stock Options

What are Fringe Benefits?

100

Updated annually by the IRS, this document provides withholding methods such as the Wage Bracket Method and Percentage for calculating per-payroll Federal Income Tax.

What is Publication 15-T?

100
Clients may need to wire the funds for their payroll if their federal tax liability exceeds this amount.

What is $100k?

200

Clients utilizing time/web clock can utilize this feature for employees working on a holiday that should receive a shift differential for their hours worked.

What is Attendance Worked Holiday?

200

401k, 403b, SIRA, 457b

What are retirement plans?

200

When employees review their W2, they can find the gross income in this box.

What is 'nowhere'?

200
According to MA Sick Law, if employees accrue their sick time hourly, they can carry over this number of hours into the new benefit year.

What is 40?

300

When setting up a new holiday pay policy, users must be sure to select this box to load the time off into the time off calendar.

What is Regenerate?

300

Approved, Approved - Manual Entry Required, Approved - Payroll Completed, Cancelled

What are time off request statuses?

300

Section 125 refers to employer-sponsored programs that let employees pay for qualified health and welfare benefits using this type of deduction.

What is a pre-tax deduction?

300

Employees earning more than $200k in a calendar year should anticipate contributing this additional percentage to Medicare taxes.

What is .9%?

400

Clients can assign employees to pay policies in the Time Off Center, or optionally they can assign a pay policy to an employee on this page, which will automatically load the time off into the time off calendar.

What is the Status page?

400

GTL, Cash Tips, Employer Covered MAPFML, SCorp

What is an 'in and out' earning?

400

Boxes 3 and 5 on the W2 display Social Security and Medicare taxable wages, respectively. Employees may notice a difference between these boxes and Box 1, Federal Income taxable wages, if they have these two deductions.

What is a retirement (401k, 403b) and a pre-tax medical deduction?

400

For the purposes of counting full time employees in ACA reporting, an employee is considered a full time equivalent if they work at least this number of hours in a week.

What is 30?

500

A client's holiday pay policy gives employees 8 hours for the dates listed in the template. This client also closes early on Christmas Eve and would like to include that as a 4 hour time off entry on the calendar. They can use this feature to process a batch load into their time off calendar.

What is Global Update?

500

$184,500 - $7,000 - $15,000 - $27,000

What are wage caps?

SS/SS-R, FUTA, MASUI, CTSUI

500

Employers may notice an increase to their unemployment tax liability in their first payroll in the new year compared to their payrolls at the end of the previous year due to this reason.

What is 'the unemployment cap is reset'?


Can also accept 'unemployment rate change'.

500

Employer Healthcare Cost (ERHCC) must be reported on W2s for employers who issued this number (or greater) of W2s in the previous year.

What is 250?

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