Podcast
Questions and Answers
What happens to time off taken in advance of the entitlement date if the employee separates from the Company before they are eligible?
What happens to time off taken in advance of the entitlement date if the employee separates from the Company before they are eligible?
How are unpaid leave deductions applied to non-exempt hourly employees?
How are unpaid leave deductions applied to non-exempt hourly employees?
In what increments can paid time off be utilized according to the policy?
In what increments can paid time off be utilized according to the policy?
Which type of employee experiences salary reductions in full days or weeks only?
Which type of employee experiences salary reductions in full days or weeks only?
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What is a requirement for exempt salaried employees regarding partial-day deductions?
What is a requirement for exempt salaried employees regarding partial-day deductions?
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What type of employees are subject to salary deductions for unpaid leave?
What type of employees are subject to salary deductions for unpaid leave?
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What will happen to a fixed-salaried employee paid for fluctuating workweeks if they take unpaid leave?
What will happen to a fixed-salaried employee paid for fluctuating workweeks if they take unpaid leave?
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What occurs if an employee reaches the maximum pay allowed for their pay grade regarding merit increases?
What occurs if an employee reaches the maximum pay allowed for their pay grade regarding merit increases?
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Which statement is true about the payroll practices at Qsource?
Which statement is true about the payroll practices at Qsource?
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Which of the following deductions can be made from an employee's wages?
Which of the following deductions can be made from an employee's wages?
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What responsibility does an employee have regarding income tax implications of maintaining a home office?
What responsibility does an employee have regarding income tax implications of maintaining a home office?
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What happens to wages when there is an overpayment?
What happens to wages when there is an overpayment?
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Which aspect is NOT ensured by Qsource regarding wage deductions?
Which aspect is NOT ensured by Qsource regarding wage deductions?
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Who is responsible for determining the tax implications of employee benefits?
Who is responsible for determining the tax implications of employee benefits?
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Which of the following is true about the frequency of employee pay at Qsource?
Which of the following is true about the frequency of employee pay at Qsource?
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What is a consequence for an employee who has reached the maximum pay allowed for their pay grade when receiving a merit increase?
What is a consequence for an employee who has reached the maximum pay allowed for their pay grade when receiving a merit increase?
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Which deductions are compliant with applicable laws and regulations governing wages?
Which deductions are compliant with applicable laws and regulations governing wages?
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Which of the following payments is NOT the responsibility of Qsource regarding tax obligations?
Which of the following payments is NOT the responsibility of Qsource regarding tax obligations?
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What happens to overpayment of wages according to the organization's policy?
What happens to overpayment of wages according to the organization's policy?
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Which of the following statements is true regarding payroll practices?
Which of the following statements is true regarding payroll practices?
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What is included in the deductions authorized by employees?
What is included in the deductions authorized by employees?
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Who must consult a tax professional regarding tax implications of a home office?
Who must consult a tax professional regarding tax implications of a home office?
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What is the payment frequency for employees as stated in the payroll practices?
What is the payment frequency for employees as stated in the payroll practices?
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What is true regarding time off taken in advance of the entitlement date?
What is true regarding time off taken in advance of the entitlement date?
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How will unpaid leave deductions affect non-exempt salaried employees?
How will unpaid leave deductions affect non-exempt salaried employees?
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What is the policy for exempt salaried employees regarding salary reductions?
What is the policy for exempt salaried employees regarding salary reductions?
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In what increments is paid time off allowed to be used according to the policy?
In what increments is paid time off allowed to be used according to the policy?
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Which statement is accurate for employees who take unpaid leave?
Which statement is accurate for employees who take unpaid leave?
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When are partial-day deductions for exempt salaried employees allowed?
When are partial-day deductions for exempt salaried employees allowed?
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What happens when an employee separates from the company before being eligible to take advance leave?
What happens when an employee separates from the company before being eligible to take advance leave?
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Study Notes
Annual Merit Increases
- Employees may receive an annual merit increase in August, based on performance evaluations.
- Merit increases are discretionary and require CEO and Board approval.
- Maximum pay grade employees receive increases as lump sum payments, not as percentage adjustments.
Payroll Practices
- Employees are paid semi-monthly (24 pay periods per year).
- A pay schedule is available on the company intranet.
- Payroll complies with all federal, state, and local laws.
- Qsource avoids improper deductions for exempt employees and follows FLSA salary basis rules.
Wage Deductions
- All deductions adhere to federal, state, and local regulations, including minimum wage and overtime laws.
- Deductions never reduce earnings below minimum wage levels or exempt employee predetermined salaries.
- Deductions include:
- Employee health insurance premiums (medical/dental).
- Retirement/pension plan contributions (company-sponsored).
- Short-term disability insurance.
- Flexible Spending Account (FSA) contributions.
- Voluntary benefits.
Taxes
- Federal, state, and local taxes, along with FICA (Social Security/Medicare) are deducted.
- Employees are responsible for understanding home office tax implications.
- Qsource does not offer tax advice and is not liable for any tax implications.
- Employee should consult a tax professional.
Overpayments
- Overpayments must be repaid to the company.
- Repayment is by the full amount unless another method is agreed upon.
Time Off Deductions
- Time taken prior to eligibility will be deducted if an employee leaves the company before accruing time off for the time taken.
- Non-exempt employees (fixed salary with fluctuating workweeks and hourly/salaried) have unpaid leave deducted from their salary.
- Exempt salaried employees have salary reductions only in full days or full weeks (unless specific federal law exceptions allow)
- Paid time off can be used in 4 or 8-hour increments (within company policy and applicable law).
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Description
This quiz covers key aspects of payroll practices, including annual merit increases, payroll schedules, and wage deductions. Understand how these practices comply with legal regulations and affect employee compensation. Test your knowledge on the rules that govern these important HR functions.
