The calculations of payroll can be a complex process. To ensure calculations are correct, payroll professionals must be meticulous when calculating the statutory and non-statutory deductions as well knowing Wage and Hour rules.
There are a variety of calculation methods, if payroll calculations are incorrect employers and employees could possibly be subject to hefty federal and state penalties and fines.
Learning Objectives:
The concepts of taxable and non- taxable wages
Various type of deductions that impact the taxable wages
Post Deductions impact on the net pay
Percentage method step by step calculations
Basic and Advance payroll calculations
Gross to net payroll calculations
FLSA and IRS Rules on Supplemental Wages
Non-exempt and Exempt why it's important
FLSA and Wage Hour Law how it impacts payroll calculation
Why Should You Attend:
Payroll Professionals must understand the payroll calculation concepts to ensure correct withholding, otherwise the company can be subject to various Federal and State penalties.
Areas Covered
The purpose of a workweek and how it impacts payroll calculation
The Hospital and nursing home 8/80 rule
What pay components are included to determine regular rate of pay
Piece rate and wage average calculation methods
The calculation of overtime rate and overtime premium pay
Instructor
Clarissia L. Harris, CPP, MBA is a payroll professional with 25 years of experience in both teaching and managing payroll. She has taught several Certified Payroll Professional (CPP) training courses throughout the United States. Her extensive work experience includes Georgia State University, Science Application International Corporation, KPMG and IBM Internet Security Company.
Currently, she is a Payroll Manager for a large Financial Company in Atlanta Georgia. Also presently, she is a payroll instructor at a local university in Atlanta. Clarissa has also received several Merit of Citation awards from the American Payroll Association.