As you hire employees for your small business, you'll not only want to know what they will cost you by the time you're done with wages, taxes and benefits, you'll also want to know if they can live on ...

Federal provisions for overtime pay are contained in the Fair Labor Standards Act. The FLSA states that most employees, including temps, must be paid time and a half for hours worked over 40 in one ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. The U.S. Department of Labor regulates how and when overtime ...

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Bonuses can be an excellent tool to incentivize and ...

Estimate annual taxes by multiplying withholdings from a typical pay stub by payment frequency. Use tax calculators with current data to forecast if you'll owe or get a refund. Adjust withholdings if ...