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Bidding Requirements, Contract Forms and Conditions of the Contract WAGE RATES AND PAYROLL REPORTING Section 00830 1. Payment A. Classification Definitions, Building and Highway-Heavy Definitions
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Wage rates refer to the amount of money paid to an employee for their work, while payroll includes the total amount of wages earned by all employees in a company.
Employers are required to file wage rates and payroll for all their employees.
Wage rates and payroll can be filled out using payroll software or manually on paper forms.
The purpose of wage rates and payroll is to accurately track and report the wages earned by employees for tax and accounting purposes.
Employee names, hours worked, wages earned, deductions, and any additional compensation must be reported on wage rates and payroll.
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