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5/02/20189:18 VENDOR SET: 01 FUND : 903REGULAR DEPARTMENT PAYMENT REPORTINVOICE DATE RANGE: PAY DATE RANGE: BUDGET TO USE:PAGE:TOWN OF PANTED EDC OPERATING FUND1BANK: PEDC4/01/2018 Through 4/30/2018
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To fill out the federal wage system, follow these steps:
02
Gather all necessary information, such as employee names, addresses, and social security numbers.
03
Determine the pay scale or grade for each employee, based on their job classification.
04
Calculate the base pay for each employee, taking into account any applicable locality pay or special rate.
05
Calculate any additional pay or allowances, such as overtime, shift differentials, or premium pay.
06
Deduct any required withholdings, such as federal income tax, Social Security tax, and Medicare tax.
07
Calculate the net pay for each employee by subtracting any deductions, such as health insurance premiums or retirement contributions.
08
Complete all necessary forms, such as W-2s or 1099s, and ensure accurate reporting of wages to the federal government.
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Who needs federal wage system?

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The federal wage system is needed by federal agencies and departments that employ blue-collar workers.
02
These employees often work in trades, crafts, or labor positions and are covered by a different pay and classification system than white-collar or professional employees.
03
The federal wage system helps ensure that these workers are fairly compensated according to their job classification, experience, and location.
04
It provides a standardized framework for determining pay scales, calculating wages, and administering benefits for blue-collar federal employees.
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The Federal Wage System (FWS) is a pay scale system that covers federal blue-collar employees.
Federal agencies are required to maintain and report wage data for employees covered by the Federal Wage System.
Federal agencies should use the appropriate forms provided by the Office of Personnel Management (OPM) to fill out and report wage data for employees.
The purpose of the Federal Wage System is to establish and maintain equitable wage rates for federal blue-collar employees.
Information such as job title, pay grade, locality pay, and any special pay rates must be reported on the Federal Wage System.
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