Getting to Gross – Calculating and Understanding Taxable Gross. Regular Pay/Salary and RROP
Key Take Away:
Attendees will learn the difference between gross pay, taxable wages, and also determine what is taxable but not subject to withholding. Getting to gross is the first step; getting to taxable gross must follow. Attendees will also learn how to calculate the Regular Rate for hourly-paid employees.
Overview:
In this webinar, attendees will learn the difference between regular pay, gross pay, and taxable gross, all of which may be different numbers! This can prepare the payroll team to respond to questions from employees who don’t understand their paychecks. We will discuss these questions: Do you know if any of your benefit plans are pre-tax? If you are in multiple states, are you aware of how each state regards Section 125 or 401k plans? What about an employer match for your 401k or 403b plan?
Areas Covered in the Session:
• Taxable vs Salary/Hours
• Blended Rates
• RROP (Regular Rate of Pay) calculation
• Exclusions from taxable
• State differences in taxable calculations
• Additions to and subtractions from rate
• Taxable items not subject to withholding
Speaker and Presenter Information
Merle Capello is an experienced CPP (Certified Payroll Professional) who can manage, train, and elevate team members, enhancing their skills so that they can be leveraged to benefit clients. Merle is a professional who works to improve processes, by additional knowledge and conforming to rules of compliance. She is also an experienced procedure and policy developer who works to leave a better team behind than the one she finds.
Relevant Government Agencies
Federal Government, State & Local Government
Event Type
Webcast
This event has no exhibitor/sponsor opportunities
When
Fri, Aug 14, 2020, 1:00pm - 2:00pm
ET
Cost
| GW - 7605: | |
| GovEvents Member Price: | $130.00 |
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Website
Click here to visit event website
Organizer
Global Wizdom
