Getting to Gross – Calculating and Understanding Taxable Gross. Regular Pay/Salary and RROP Recorded Webinar | Merle Capello | From: Jan 14, 2021 - To: Dec 31, 2021 |
In this webinar, attendees will learn the difference between regular pay, gross pay, and taxable gross, all of which may be different numbers! This can prepare the payroll team to respond to questions from employees who don’t understand their paychecks. We will discuss these questions: Do you know if any of your benefit plans are pre-tax? If you are in multiple states, are you aware of how each state regards Section 125 or 401k plans? What about an employer match for your 401k or 403b plan? Do your benefits include life insurance and are you aware of how this may affect an employee’s taxable income? Do you understand what is taxable and what is also not subject to withholding? If your employees are paid hourly, do they receive the same hourly pay for all jobs, or are there shift differentials, multiple rates, or other additions and changes to the employee’s base rate? The webinar will discuss methods to ensure that all possibilities are included when calculating pay. If you use a vendor service or SAAS to process your payroll, we’ll also discuss how to verify that the vendor has encompassed all your variations in their calculations. It’s always better to be safe than sorry, so ensure that you can verify each employee’s pay-to-gross calculation.
Areas Covered in the Session:-
Key Take-Away:-
Attendees will learn the difference between gross pay, taxable wages, and also determine what is taxable but not subject to withholding. Getting to gross is the first step; getting to taxable gross must follow. Attendees will also learn how to calculate the Regular Rate for hourly-paid employees.
Why Should You Attend:-
Plowing through the many rules regarding taxable, non-taxable, and pre-tax deductions and earnings is challenging. We’ll help you calculate base to gross wages for multiple scenarios. This webinar will help you respond to the employee who can’t understand why his/her rate is $1,000 per pay period and the pay stub says, “Taxable Gross=$920.00”. Do you pay hourly employees with separate hourly rates for different jobs? Do you pay employees in a state that allows pre-tax deductions? Or are you in a state that doesn’t allow pre-tax deductions? This webinar can help you always pay these employees correctly. Even if you use a payroll vendor, always know how to calculate wages, in order to verify calculations are correct.
Who will benefit:-
Payroll associates and supervisors; anyone who has responsibility for payroll customer service; any payroll team that pays both hourly and salary paid employees; benefits associates.
Merle Capello is an experienced CPP (Certified Payroll Professional) who can manage, train, and elevate team members, enhancing their skills so that they can be leveraged to benefit clients. Merle is a professional who works to improve processes, by additional knowledge and conforming to rules of compliance. She is also an experienced procedure and policy developer who works to leave a better team behind than the one she finds.
Merle is a subject matter expert on compliance, payroll taxes, work rules, and payroll best practices. Merle offers consulting services for those who need a professional’s advice and counsel. In her more than 25 years of experience spearheading the development, enhancement, and transfer of payroll and HCM/HRIS operations, Merle has learned to provide team members with the guidance and motivation to exceed objectives. Merle enjoyed the challenge of implementation and organizational change, using her analytical skills and her knowledge base to make the most prudent decisions for the team and for her clients. Merle can easily adapt to either running a department or advising a client on how best to run their department. She can write step-by-step directions for processes if needed, or coach a team member to do so.
Merle is also a long-time member of her professional organization, the American Payroll Association. She maintained her Certification for over 25 years.
