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SEMI-MONTHLY PAY SCHEDULE 2014 CALENDAR YEAR FACULTY PERIOD COVERED PAYDATE 01/15/14 Wk ADP 01/01/2014 1/15/2014 MEMOS REQUISTIONS Due by 12pm 01/08/2014 02/14/14 02/28/14 03/31/14 04/30/14 01/16 - 01/31 02/01 - 02/15 02/16 - 02/28 04/16 - 04/30 01/24 02/07 02/21 03/07 03/25 04/09 04/24 05/09 05/23 06/13/14 06/09 08/29/14 11/14/14 11/28/14 11/01 - 11/15 11/16 - 11/30 06/24 07/09 07/24 08/08 08/22 09/09 09/23 10/08 10/24 11/10 11/24 12/10 12/31/14 12/19.

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How to fill out semi-monthly pay schedule

01

Step 1: Gather all necessary information such as employee names, pay rates, and overtime hours.

02

Step 2: Determine the pay period start and end dates for the semi-monthly schedule.

03

Step 3: Calculate the regular pay for each employee by multiplying their pay rate by the number of hours worked during the pay period.

04

Step 4: Calculate any overtime pay by multiplying the overtime hours worked by the overtime rate.

05

Step 5: Add the regular pay and overtime pay to get the total gross pay for each employee.

06

Step 6: Deduct any applicable taxes, such as income tax or social security, from the gross pay.

07

Step 7: Subtract any deductions, such as health insurance premiums or retirement contributions, from the net pay.

08

Step 8: Provide a breakdown of the pay schedule for each employee, including the pay period dates, gross pay, deductions, and net pay.

09

Step 9: Generate pay stubs or direct deposit statements for each employee.

10

Step 10: Keep accurate records of each pay schedule for future reference and reporting purposes.

Who needs semi-monthly pay schedule?

01

Employers who want to pay their employees twice a month may use a semi-monthly pay schedule.

02

Companies with salaried employees appreciate semi-monthly pay schedules as they align well with monthly budgeting.

03

Hourly employees who work varying hours but require a consistent pay frequency may benefit from semi-monthly pay schedules.

04

Employees who prefer more frequent paychecks find semi-monthly schedules helpful.

05

Organizations that follow specific pay period regulations or agreements may opt for semi-monthly schedules.

06

Employers who feel biweekly schedules are too frequent but monthly schedules are too infrequent may adopt semi-monthly pay schedules.

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What is semi-monthly pay schedule?

A semi-monthly pay schedule is a payment plan in which employees are paid twice a month, typically on the 15th and last day of the month.

Who is required to file semi-monthly pay schedule?

Employers who have opted for a semi-monthly pay schedule are required to file it.

How to fill out semi-monthly pay schedule?

The semi-monthly pay schedule can be filled out by entering the employee's information, hours worked, wages earned, deductions, and any other relevant details for each pay period.

What is the purpose of semi-monthly pay schedule?

The purpose of a semi-monthly pay schedule is to ensure that employees are paid accurately and on time, and to maintain proper records of wages and deductions.

What information must be reported on semi-monthly pay schedule?

The semi-monthly pay schedule should include information such as employee name, hours worked, wages earned, deductions, and any additional payments or reimbursements.

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