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Pay and Paychecks

Types of pay including hourly, salary, overtime, vacation, and other pay-related information. Also paycheck and salary calculator resources.
  1. Compensable Time (7)
  2. Paid Time Off (14)

Paycheck Calculators
When you start a job, the amount you will take home in your paycheck depends on deductions for federal, state, and local taxes.

Salary Calculators
Interested to see how your salary offer compares? These salary calculators and surveys will help you find out salary information for your current job as well as positions you're interested in.

How to Fill Out a W-4 for a New Job
Starting a new job? You will need to fill out a W-4 Form so your employer knows how much taxes to withhold from your paycheck. Here's how to complete the form.

Pay for Working on a Holiday
Here's information on getting paid for working on a holiday, including the details on when employees are entitled to extra holiday pay.

Where to Cash a Paycheck
Information on where to cash a paycheck, including locations with check cashing services, and what identification is needed to cash the check.

Back Pay
Back pay is the difference between what an employee was paid and the amount he or she should have been paid.

Commission
Commission is a sum of money that is paid to an employee upon completion of a task, usually selling a certain amount of goods or services.

Counter Offer
A counter offer is an offer made in response to a salary offer from an employer. A counter offer is made when the compensation package offered isn't considered acceptable by the applicant who has received a job offer.

Counter Offer Letter
A counter offer letter is a job candidate's response to a job offer from an employer.

Double Time
There are no laws that require an employer to pay double time for overtime worked.

Expense Account
An expense account is money paid to an employee (a salesperson, executive, etc.) to cover travel, food, hotel rooms, entertainment of clients, and other work-related purposes.

First Paycheck
The amount you receive in your first paycheck depends on deductions for federal, state, and local taxes. When you receive your first paycheck depends on the timing of the company's payroll.

Gross Pay Definition
Gross pay is the total amount paid to an employee over a given pay period before taxes or other deductions are taken out.

Hazard Pay
Hazard pay is additional pay for performing hazardous duty or work involving physical hardship.

Hourly Employee
Workers who are paid on an hourly basis are required to be paid minimum wage.

Last Paycheck
When will you receive your last paycheck if you resign or are terminated from your job? It depends on state law and on company policy.

Overtime
Workers earning less than $23,660 per year ($455 per week) are guaranteed overtime protection, however, there are exemptions to the overtime regulations.

Overtime Pay
All non-exempt employees who work over 40 hours during work week must be paid at a rate of one and one-half the employee's regular hourly rate.

Pay Cut
A pay cut is a reduction in an employee’s salary. Pay cuts are often made to reduce layoffs while saving a company money during a difficult economic period.

Pay Cut Laws
Information on when and how much an employer can cut an employee's pay.

Pay Cuts
Information on when a company can - and cannot - cut your pay, reduce your hours, or otherwise lower your salary.

Pay Slip
A pay slip, also known as a paycheck stub, is the document that itemizes what employees are paid. here's what included on pay slips and how to get copies of your pay stubs.

Payday Loan
A payday loan is a short-term advance on your paycheck. A payday loan typically is for a small amount and has a high interest rate.

Payroll Debit Cards
Information on payroll debit cards, the pros and cons, and how to opt out of getting paid with a debit card.

Salary Employee
An employee who is paid on a salary basis is paid a flat amount rather than an hourly wage.

Time and a Half Pay
Workers earning less than $455 per week, which is $23,660 per year, are guaranteed overtime pay of not less than time and one half their regular rate of pay.

W-2 Form
Employers may ask for copies of your W2 forms to verify your compensation prior to making a job offer. If you don't have copies of your past W-2 forms you can ask your employer(s) for a copy or order copies of your past tax returns directly from the IRS.

W-4 Form
When you are hired for a new job, you will be required to complete a W4 Form to let your employer know how much tax to withhold.

Wage Garnishment
Wage garnishment occurs when an employer must withhold an employee's earnings to pay a debt as settled in a court order or other legal procedure (i.e. state tax collection, unpaid child support, or Internal Revenue Service (IRS)).

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