Pay Periods Profile
2:12
Description
Related Videos
The Pay Periods Profile defines the frequency for paying employees and drives the pay dates for payroll.
View More
View Less
Concepts Video Gallery
2:12
The Pay Periods Profile defines the frequency for paying employees and drives the pay dates for payroll.
Payroll is the cyclical process in which pay for employees is calculated, distributed, and reported.
2:26
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
Each year, businesses are legally required to report federal and jurisdictional payroll tax liabilities to the proper tax authorities. Payroll taxes are calculated based on the total compensation of each employee.
1:32
Identifying the scenarios that require a payroll adjustment is an important part of payroll processing. Common scenarios include payments issued in error or payments not received, or payments received but a correction is needed.
1:39
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