Industry Overview
What does "gross pay" refer to?
What is: The amount employees earn before taxes and deductions
What are the three ways payroll is calculated, according to the deck?
What are manual (DIY), outsourced, and software as a service (SaaS)?
What is one key value of Homebase time tracking integration?
What is seamlessly syncing time clocks, breaks, and overtime data to payroll
What is an example of a type of business HB payroll does not support?
What is: guns, ganja, gambling, & nanny
Name one of the four pay frequency options offered by HB payroll.
What is: weekly, bi weekly, monthly, semi monthly
What is SUI?
It is the State Unemployment Insurance - Tax that funds employees are laid off
What is the purpose of the auto payroll feature in Homebase Payroll?
What is automating recurring payroll runs to save time and ensure timely payments?
What is the maximum number of employees Homebase payroll supports for multi-location businesses with a single EIN?
What is: 175
What is the difference between withholdings and deductions?
What are: amounts taken out for taxes (withholdings) versus benefits or donations (deductions)?
What is the main difference between Form 940 and Form 941?
What is Form 940 reports federal unemployment tax, and Form 941 reports Medicare, Social Security, and federal income tax withholding?
Name two ways Homebase supports full-service payroll tax compliance.
What are automatic local, state, and federal tax payments and filings, and on-demand access to tax forms
While Homebase Payroll integrates with the online version of this popular accounting software, it does not support its desktop version.
What is: Quickbooks
In payroll terms, what is the main distinction between "wage" and "salary"?
What is hourly pay based on hours worked (wage) versus a fixed annual income broken into pay periods (salary)?
What is the primary purpose of a W-4 form?
What is: To tell employers how much tax to withhold from an employee’s paycheck
What is included in Homebase’s new hire onboarding packets that is included with payroll?
What is: digital completion and secure storage of I-9s, W-4s, state tax forms, and direct deposit forms?
Is it true or false that OAMs can only link one business account for payroll?
What is: False
What is a "switcher" customer in the context of Homebase Payroll?
Who is a customer transitioning from another payroll provider to Homebase?
What is Form 8655, and why is it important for Homebase customers?
What is a form that authorizes Homebase to file payroll taxes on behalf of the customer, acting as a link between the business and the IRS?
What restriction is placed on payroll admins to protect privacy among management?
What is preventing managers from viewing other equivalent managers’ wages?
Homebase Payroll does not support processing payroll on what two types of pay schedules?
What are: Daily or quarterly