![]() If the employee worked more than 40 hours, and thus accrued overtime, record 40 here and save the rest for “additional pay.” If the employee is hourly, input their hourly wage under “pay rate,” and fill in the number of hours they worked that pay period. Start with “pay type” and select hourly or salary from the dropdown menu. You should see fields that say pay type, pay rate, hours worked, pay date, and pay period. This will help the tool calculate some of the employee’s local taxes. This includes just two items: their name and the state where they live. Here’s a step-by-step guide to walk you through the tool. This free paycheck calculator makes it easy for you to calculate pay for all your workers, including hourly wage earners and salaried employees. If you live in California, New York, or Texas, where local laws go beyond federal requirements, you’ll want to be especially diligent. Underpaying employee overtime is one of the most common labor law violations businesses commit. Fail to pay employees fairly under federal, state, or local laws, and you may find yourself facing thousands of dollars in fines. It’s an essential part of operating your business legally. Having accurate paychecks isn’t just important for employees. Why is it important to have accurate paychecks?
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