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STATE OF CALIFORNIA STEVE WETLY, California State Controller S OFFICE PERSONNEL/PAYROLL SERVICES DIVISION P. O. BOX 942850 Sacramento, CA 94250-5878 DATE: September 27, 2006, TO: PAYROLL LETTER #06-017
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What is bonus pay and retroactive?
Bonus pay is extra compensation given to an employee, often as a reward for good performance. Retroactive pay is payment for work that was performed in the past but paid at a later time.
Who is required to file bonus pay and retroactive?
Employers are required to file bonus pay and retroactive pay for their employees.
How to fill out bonus pay and retroactive?
Bonus pay and retroactive pay should be reported on the employee's pay stub or payroll records.
What is the purpose of bonus pay and retroactive?
The purpose of bonus pay is to incentivize and reward employees for their hard work, while retroactive pay is meant to compensate employees for work done in the past but paid at a later time.
What information must be reported on bonus pay and retroactive?
The amount of bonus pay and retroactive pay, the date it was paid, and any applicable taxes or deductions must be reported.
When is the deadline to file bonus pay and retroactive in 2023?
The deadline to file bonus pay and retroactive in 2023 is typically by the end of the tax year, which is December 31st.
What is the penalty for the late filing of bonus pay and retroactive?
The penalty for late filing of bonus pay and retroactive pay can vary, but it may result in fines or legal consequences for the employer.
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