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THE GRAPEVINE 1 February 2018 Term 1, Week 1 P&C Meetings are held Tuesday Weeks 3 & 8 each term at 7pm in the StaffroomWhats On Week 1 Value Respect Friday 2 February First day for Kindergarten studentsWeek
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Week 1 value refers to the initial assessment of an employee's earnings and tax liabilities for the first week of the payroll period or reporting cycle.
Employers who have employees and are subject to payroll tax regulations are required to file week 1 value.
To fill out week 1 value, employers need to report the total earnings, withholdings, and related taxes for each employee for the first week of the payroll period.
The purpose of week 1 value is to provide a clear record of an employee's earnings for tax purposes and to ensure accurate payroll reporting.
The information that must be reported on week 1 value includes employee identification, total earnings, payroll deductions, and tax withholding amounts.
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