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Best of my knowledge and are in accordance with University policy. Employee Signature Date Supervisor Signature Revised 12/5/2016. Employee Name WKU ID Department/Unit For days not actually worked enter the appropriate code as follows V Vacation Leave S Medical/Sick Leave W Leave without pay H Holiday HOURS MON TUE WED THU FRI SAT SUN PAY WEEK Feb. Semi-Monthly Timesheet Western Kentucky University Non-Exempt Employees Report for Semi-Monthly Payroll Period Beginning February 16 2017 and...

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How to fill out semi-monthly employees are paid

01

Determine the semi-monthly pay periods: Semi-monthly pay periods typically occur twice a month, such as on the 15th and the last day of the month.

02

Calculate the employees' gross earnings: Determine the employees' hourly rate or salary and multiply it by the number of hours or days worked within each pay period.

03

Subtract any applicable deductions: Deduct any taxes, insurance premiums, retirement contributions, or other deductions from the employees' gross earnings.

04

Determine the net pay: Subtract the total deductions from the gross earnings to calculate the employees' net pay.

05

Prepare the payroll records: Maintain accurate records of each employees' earnings, deductions, and net pay for each pay period.

06

Issue paychecks or initiate direct deposits: Provide the employees with their respective paychecks or deposit their net pay directly into their designated bank accounts.

07

File tax and other required payroll reports: Ensure compliance with local tax regulations by filing necessary payroll reports, such as W-2 forms or quarterly tax returns.

Who needs semi-monthly employees are paid?

01

Employers who have chosen a semi-monthly pay schedule.

02

Organizations that have salaried employees or hourly workers paid on a semi-monthly basis.

03

Companies that want to evenly distribute pay periods throughout the month to facilitate budgeting and financial planning.

04

Businesses that prefer a pay frequency where there are fewer pay periods and less processing time involved compared to weekly or bi-weekly pay schedules.

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What is semi-monthly employees are paid?

Semi-monthly employees are paid twice a month, typically on the 15th and the last day of the month.

Who is required to file semi-monthly employees are paid?

Employers who have semi-monthly employees on their payroll are required to file and pay them accordingly.

How to fill out semi-monthly employees are paid?

To fill out semi-monthly employee payments, employers need to calculate the total hours worked, any overtime hours, deductions, and taxes to determine the net pay.

What is the purpose of semi-monthly employees are paid?

The purpose of paying employees semi-monthly is to ensure timely and consistent payment for the work performed during the pay period.

What information must be reported on semi-monthly employees are paid?

Information such as hours worked, hourly rate, overtime hours, deductions, and net pay must be reported on semi-monthly employee payments.

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