Workers' Compensation Overview
2:07
Description
Related Videos
Workers’ compensation codes are used to determine workers’ comp premiums for employees.
View More
View Less
Concepts Video Gallery
2:07
Workers’ compensation codes are used to determine workers’ comp premiums for employees.
The Pay Periods Profile defines the frequency for paying employees and drives the pay dates for payroll.
2:12
A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
2:49
After the proper amount of taxes are withheld for the employee and employer, it needs to be paid to the proper agencies. Federal income and insurance tax payments must be paid electronically through the electronic federal tax payment system.
1:24
The pay statement, also known as a pay stub, includes the details of the employee’s pay for that pay period. Pay statement details help employees understand their pay and check for inaccuracies.
1:46
Payroll taxes are calculated based on the total compensation of each employee. Federal and State withholding taxes are based on the Form W-4 information for each employee.
2:35
A general ledger is a journal containing accounting transactions related to a company’s assets, liabilities, equity, revenue, and expenses.
2:33