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Please complete, print and submit. Reset Form Sale of Paid Time Off (PTO) Mayo Clinic Health System Albert Lea, Austin, Cannon Falls, Madonna, Red Wing and WaycrossImportant information regarding
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What is sale of paid time?
The sale of paid time refers to the process of selling off unused vacation or sick leave.
Who is required to file sale of paid time?
Employees who receive payment for unused time off are required to file sale of paid time.
How to fill out sale of paid time?
To fill out sale of paid time, employees must report the amount of unused time off sold and the corresponding payment received.
What is the purpose of sale of paid time?
The purpose of sale of paid time is to accurately report and record any payments received for unused vacation or sick leave.
What information must be reported on sale of paid time?
Employees must report the amount of unused time off sold, the corresponding payment received, and any taxes withheld from the payment.
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