calculating payroll deductions
Payroll Services
Generally, hiring a payroll service is a good idea for businesses in which payroll isn't the same from pay period to pay period. Businesses with hourly employees or employees earning commissions can save time and money by using a payroll service. One of the chief benefits is avoiding costly mistakes in payroll processing, like failing to remit payroll taxes in a timely manner. Payroll companies calculate the amount of each paycheck and the tax obligations for each employee, print the checks, and provide payroll reports.
How to Use the Pay Rate Calculator
Depending on the information you provide, the Pay Rate Calculator computes different information:
* Enter your annual salary to get your bi-weekly gross
* Enter your bi-weekly gross to see your annual salary
* Calculate hourly and premium rates that could apply if you are paid overtime
If you are paid on an hourly or daily basis, the annual salary calculation does not apply to you. Your bi-weekly pay is calculated by multiplying your daily or hourly rate times the number of days or hours you are paid.
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