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An employee earns 8.25 an hour and in 30 hours what earnings has the employee made?
$247.50
Is PF to be paid by the company into the employees account is deducted from employees salary?
No, the Provident Fund (PF) contribution is not directly deducted from the employee's salary. Instead, it is a statutory benefit where both the employer and employee contribute a percentage of the employee's basic salary to the Provident Fund account. The employer's contribution is a separate contribution made by the company, while the employee's portion is typically deducted from their salary before it is disbursed.
What is the definition of 'salary'?
Receiving a salary; paid by a salary; having a salary attached; as, a salaried officer; a salaried office., of Salary
An employee earns 8.25 an hour In 30 hours how much has the employee made?
The employee has grossed $247.50 before taxes and other deductions.
Can you provide an employee contract example for reference?
An employee contract is a legal document that outlines the terms and conditions of employment between an employer and an employee. It typically includes details such as job responsibilities, salary, benefits, working hours, and termination clauses. Here is an example of a basic employee contract: Company Name Employee Contract This agreement is made between Company Name (the "Employer") and Employee Name (the "Employee") on Date. Position and Responsibilities: The Employee will be employed as a Job Title and will be responsible for Brief Description of Job Responsibilities. Salary and Benefits: The Employee will be paid a salary of Amount per Time Period and will be eligible for List of Benefits. Working Hours: The Employee's regular working hours will be Start Time to End Time on Days of the Week. Termination: Either party may terminate this agreement with Notice Period notice. This contract is subject to the laws of Jurisdiction. Both parties have read and understood the terms and agree to abide by them. Employer Signature: Employee Signature: Date: Please note that this is a basic example and may need to be customized to fit the specific needs of your organization. It is recommended to seek legal advice when drafting an employee contract.
What is the definition of the term turn over in regards to employment?
The term "turn over" in regards to employment means that an employee is required to have so much work completed (EX. sales made) for the hours they work and the salary they earn.
Can new employers ask an old employer how much the employee made?
you can verify their starting salary and ending salary Better answer: employers can excahnge any pay infor they want. Employees have zero expecxtation of privacy about pay.
When is a certifying officer's maximum level of pecuniary liability with regards to erroneous payments?
A certifying officer's maximum level of pecuniary liability for erroneous payments is typically limited to the amount of the erroneous payment or the salary of the employee at the time the improper payment was made, whichever is less. This liability can vary based on agency policy and specific circumstances.
What is ee and er amount?
EE (Employee's Contribution) and ER (Employer's Contribution) amounts refer to the contributions made by an employee and employer, respectively, towards social security, retirement, or other benefits programs. These amounts are typically calculated as a percentage of the employee's salary and are important for funding these programs and providing benefits to employees.
What is the maximum contributionto 401k if you are Over 50 years old?
maximum contribution, Annual Addition limit $46,000(annual addition contains both employee & employer contributions)... if you are above 50years, maximum contribution $51,000(if employee made catch-up)
How do you use percentages in commission?
Most jobs where a commission is paid as part of their salary or in place of their salary. Normally a commission is paid as a percentage of sales, or as a percentage of income made by the company. The idea behind this is that it acts as an incentive for the employee to get higher sales and therefore, earn more.
What is the difference between salary payable and salary expense?
Gross earnings are recorded as Salaries Expense. It encompasses the employees net pay and all withholdings (income tax, FICA). If the employee is to be paid at the time the entry is made, you would credit cash for the amount of the net pay. If the employee is to be paid at a later date (probably within the current year or operating cycle), then you would instead credit Salaries Payable. When the employee is finally paid, you would debit salaries payable and then credit cash.
