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YOUNGSTOWN STATE UNIVERSITY. . Grants AccountingPayroll Redistribution Request Form Employee Name: Banner ID: Pay Period(s):Fiscal Year:From FundOrganizationAccountTo Programmers SubtractedFund1.1.2.2.3.3.4.4.5.5.6.
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How to fill out pay periods
How to fill out pay periods
01
Start by recording the start date of the pay period.
02
Calculate the end date of the pay period.
03
List all the days included in the pay period.
04
Record the number of hours worked each day.
05
Calculate the total number of hours worked in the pay period.
06
Determine the hourly rate for each day worked.
07
Multiply the total hours worked by the hourly rate to calculate the total earnings for the pay period.
08
Record any deductions or withholdings from the earnings, such as taxes or benefits.
09
Calculate the net pay by subtracting the deductions from the total earnings.
10
Double-check all calculations to ensure accuracy before finalizing the pay period record.
Who needs pay periods?
01
Employers who need to track employee work hours for payroll purposes.
02
Employees who want to keep track of their earnings and hours worked.
03
Accountants or payroll specialists responsible for processing payroll for a company.
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What is pay periods?
Pay periods are specific intervals of time in which an employee worked and earned wages, typically weekly, bi-weekly, or monthly.
Who is required to file pay periods?
Employers are required to file pay periods for their employees.
How to fill out pay periods?
Pay periods are filled out by recording the hours worked by the employees, calculating their wages, and deducting any taxes or benefits.
What is the purpose of pay periods?
The purpose of pay periods is to accurately track and document the hours worked and wages earned by employees.
What information must be reported on pay periods?
Information such as employee name, hours worked, wages earned, taxes withheld, and any other deductions must be reported on pay periods.
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