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A timesheet is a method for recording the amount of a worker's time spent on each job. Originally developed for an employer to determine payroll, timesheets are not just for payroll any more. Timesheets may record the start and end time of tasks, or just the duration. It may contain a detailed breakdown of tasks accomplished throughout the project or program. This information may be used for payroll, client billing, and increasingly for project costing, estimation, tracking and management. One of the major uses of timesheets in a project management environment is comparing planned costs versus actual costs, as well as measuring employee performance, and identifying problematic tasks.
RPS timesheet due dates in 2014 presented: every biweekly period ending is SUNDAY, every biweekly timesheet due date is MONDAY, every biweekly paydate is FRIDAY. Pay period end dates can be found on the payroll calendar on this pdf-document, including observed federal holidays.
Direct deposit is a banking term that describes a deposit of money straight from the source into a bank account, by electronic funds transfer, or other means where the payment is initiated by the payer not the payee. The money is transferred directly to the recipient bank through a payment system. Direct deposits facilities are often a feature of online banking systems. The U.S. federal government and some employers provide alternative electronic payment options to recipients and employees. One alternative method is a prepaid debit card. A U.S. federal law signed in 1996 contained a provision that required the federal government to make electronic payments such as direct deposit by 1999. As a part of implementation of the provision, in 2008 the U.S. Treasury Department paired with Comerica Bank and MasterCard to offer the Direct Express Debit MasterCard prepaid debit card. The card is used to make payments to federal benefit recipients who do not have a bank account.
To authorize the 'Ross Professional Service' to deduct some hours from employee' personal leave/sick/flex time account.
The amount of tax withheld is based on the amount of payment subject to tax. Withholding of tax on wages includes income tax, social security and medicare, and a few taxes in some states. Certain minimum amounts of wage income are not subject to income tax withholding. Wage withholding is based on wages actually paid and employee declarations on Federal and state Forms W-4. Social Security tax withholding terminates when payments from one employer exceed the maximum wage base during the year.
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