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2 set pay days per month , typically seen as the 1st and 15th.

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Q: What does semimonthly payroll period mean?
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What is the gross pay per pay period if an employee is paid an annual salary of 37500 semimonthly?

1,562.50


What does semi monthly pay mean?

Semimonthly means an event occurs twice a month. This is not the same as biweekly (every two weeks) as a month usually has more than 28 days. There are 24 semimonthly payments in a year but 26 biweekly payments. This leads to the unpleasant situation known to all folks paid semimonthly of the dreaded three-weekend pay period which stretched the bank balance painfully.


Does semimonthly mean twice a month withholdings and biweekly mean that you withhold taxes every two weeks?

yes


What do you mean by payroll in personnel management?

What do you mean by payroll in personnel management?"


Does semimonthly need a hyphen?

No , it's just semimonthly. Kinda like biweekly . Hope this helped :)


How much is the federal withholding percentage for a W-4 form with 2 allowances?

The Percentage Method subtracts from the total wage payment an allowance amount. The allowance amount is based on the value of one withholding allowance for the payroll period multiplied by the total withholding allowances from Form W-4.For a weekly payroll period with two withholding allowances, the percentage computation figure is $140.38($70.19 x 2).For a biweekly payroll period with 2 allowances, the percentage figure is $280.76 ($140.38 x 2).The Percentage Method Amount for One Withholding Allowance Table gives withholding allowance figures for every payroll period (weekly, biweekly, semimonthly, monthly, quarterly, semiannually, annually, daily).For more information, go to www.irs.gov for Publication 15-T (New Wage Withholding and Advance Earned Income Credit Payment Tables).


What is payroll journal?

A payroll journal is a listng of all payroll transactions, payments, adjustments, reversals and changes made to employee payroll records during a pay period.


What does payroll number mean?

It's the number of jobs lost divided by the number of jobs created in a particular economic period.


What is the nature of payroll cycle?

A payroll cycle is the determined period of time of allocated hours worked.


What does payroll mean?

Payroll is a list of employees and their salaries.


How many weeks are in a payroll schedule which payroll is biweekly?

Bi-Weekly = every 2 weeks - Every payroll period will cover 2 weeks. Bi-Monthly = 2x per month - Every calendar quarter will have one payroll period that has 3 weeks in it.


Which describes the document where an employer records all the deductions connected with a specific payroll period?

Payroll register