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Applications designed to organize, manage, and automate the employee payment process. Helps ensure compliance and accuracy in payroll operations.

Tax documents such as W-2s and 1099s that must be provided to employees and contractors for income reporting to the IRS. Accuracy and deadlines must be met.

Management of employee benefits such as health insurance, retirement plans, and other perks. Must comply with relevant laws such as ERISA and the Affordable Care Act.

The lowest legal hourly payment that can be paid to an employee. Must comply with federal and state law, whichever is higher.

Taxes for Social Security and Medicare, required by the Federal Insurance Contributions Act (FICA). Employers and employees each pay half of these taxes.

Classifying employees based on eligibility for overtime pay. Exempt employees are salaried and not eligible for overtime, while non-exempt are typically hourly and eligible for overtime.

A federal form used by employees to indicate their tax situations to employers, such as marital status and number of allowances. Employers use this to determine withholding tax.

A record showing the pay details for each employee for a specific pay period, including wages, deductions, and net pay. It's an important part of payroll accounting.

The process of verifying that total payroll taxes paid matches the amounts withheld from employees' paychecks and employer contributions. Errors must be corrected to avoid penalties.

Insurance that provides wage replacement and medical benefits for employees injured at work. Requirement varies by state; typically mandatory.

The process of recording the compensation of employees, including gross wages, salaries, bonuses, and withholding of taxes and other deductions.

The amount an employee receives after deductions such as taxes, insurance, and retirement contributions. Must comply with all legal deduction requirements.

Employment eligibility verification form required by the U.S. government to ensure employees are legally allowed to work in the United States.

A portion of employee's wages withheld by the employer for the purpose of paying state and federal taxes. Must conform to the IRS guidelines and employee's W-4 form.

Additional pay for hours worked beyond the standard workweek, typically over 40 hours. The Fair Labor Standards Act (FLSA) requires at least 1.5 times the regular pay rate.

Electronic payment method where the employee’s pay is deposited directly to their bank account. Often preferred for its convenience and security.

A court-ordered process where a portion of an employee's earnings is withheld by the employer for the payment of a debt. Employers must comply with garnishment laws and limits.

Total amount earned by an employee before any deductions are taken. Legal requirements include adhering to minimum wage laws and agreed contractual terms.

U.S. law that sets minimum wage, overtime, and child labor standards. Employers must comply with FLSA regulations and keep accurate employee time and pay records.

A document accompanying an employee’s paycheck detailing gross pay, deductions, and net pay. Some states legally require employers to provide pay stubs to employees.

Laws that regulate the wages rates an employer can pay its workers and the hours for which an employer must compensate its workers. These laws include minimum wage laws and the FLSA.

A tax that employers pay to federal and state governments to fund unemployment compensation for laid-off workers. Rates and requirements vary by state.

The recurring time period on which an employee is paid (weekly, bi-weekly, semi-monthly, monthly). Must align with state labor laws regarding pay frequency.

Determining if workers are employees or independent contractors, which affects payroll tax responsibilities. Misclassification can result in legal penalties.