Payroll Basics
Social Security Tax Rate for an Employee
What is 6.2%?
I can find information regarding Back Office here.
What is the Back Office Guide in Slite?
This initiates the sync between TRAXPayroll and BambooHR. (For Autosync Clients)
What is the Run Payroll button?
BambooHR is the system of record.
True or False?
True
Health Insurance, Dental Insurance, GTLI < $50,000, and Adoption Assistance are all this type of benefit.
What is a Section 125/Cafeteria Plan Benefit?
A client needs to wire their payroll funds to us. I add the $35 wire fee here.
What is the Fees tab in Back Office?
A client can make sure all employees are included in their payroll by pulling this report.
Clients can edit these 3 items on the Pay Info tab
Direct Deposit, Taxes, Deductions
FUTA is paid by...
Who is the employer?
I ask these questions before creating a custom pay type.
I can change information in BambooHR and hit this button in the payroll center to resync the information. (For Autosync clients)
What is the Update button in Step 1?
This is where a client can enter their FUTA rate.
In Settings under Payroll > Taxes
Gross Pay - Pre-Tax Benefits gives this type of income.
What is Taxable Income?
A client is running a late payroll (past 2:00 PM PT), I can generate a late payroll code so they can open their payroll here.
What is the Generate Code tab under General > Pay Group in Back Office?
A client's 941 can be found here.
What is the Quarterly & Year End section of the Reports tab in TRAXPayroll?
How can you tell if a Pay Schedule will sync with TRAXPayroll?
There will be an "Included in Payroll" icon next to the pay schedule.
401k is not Pre-tax to these taxes.
What is Social Security and Medicare?
Back Office is very complicated and I will never understand it and forever be lost.
What is FALSE?
I can verify that a client is a user in TRAXPayroll here.
What is the Company > Users tab in TRAXPayroll?
This is where a client can enter reminders for their upcoming payroll.
On the Payroll tab