HR and Employment Law Topics
Payroll
National Summary
Federal and state wage and hour laws regulate the method
of payment of wages, the payment of wages upon termination of employment,
allowable deductions from employee paychecks, the withholding and
payment of employment taxes, wage garnishments, recordkeeping, and
the maintenance of payroll records. Employers must withhold from employee
paychecks certain tax payments, including federal and state income
taxes and the Federal Insurance Contributions Act (FICA). To determine the proper withholding for federal and state income
taxes, employees must complete a Form W-4 and provide the employer
with their Social Security number (SSN). At the end of each year,
employers are required to report on a Form W-2 each employee’s earnings
and the taxes withheld. Employers must also have an employer identification
number (EIN) for reporting and paying federal and state unemployment
and payroll taxes. In addition, employers are required to report new
hire information to a state directory as part of federal legislation
on welfare reform.
Summary for [Your State]
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Payroll
| 06/15/2004 |