Overtime means the amount compensated for hours or days worked in excess of the maximum limit mentioned in your contract or set by federal or provincial law.
What is Payroll Expenses?
Payroll expenses are expenses paid to employees in form of salary/wage for their services/work and associated expenses such as employee benefits and state and federal payroll taxes.
Download Employee Performance Evaluation Excel Template
We have created an easy to use Employee Performance Evaluation Template with predefined formulas and functions. This template can be helpful to manage the review process easily and efficiently. Moreover, it consists of a predefined score system that will help perform this task easily.
What is Employee Deductions?
Employee Deductions are the amounts subtracted from an employee’s gross pay to reach net pay.
What is After Tax Deductions?
Deductions subtracted from your gross earnings after federal, state and income taxes in addition to social and medicare taxes are called after tax deductions.