This topic contains 1 reply, has 1 voice, and was last updated by Laura Handrick 1 year, 4 months ago.
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › Workers Comp calculation
This topic contains 1 reply, has 1 voice, and was last updated by Laura Handrick 1 year, 4 months ago.
Hi Connie,
In general, bonus amounts would be included in gross wages. However, because requirements vary by state, I’ll direct you to the Department of Labor website for Worker’s compensation, that provides a phone number for each state, as I don’t know what state you’re in and hesitate to provide a guess without more information.
https://www.dol.gov/owcp/dfec/regs/compliance/wc.htm
Another option for you to consider, is using an online paycheck calculator that includes within it, the state rules. (You input the data, it will provide you information on what the deductions should be). This one is free: http://www.paycheckmanager.com/FreeCal/free_payroll_calculator.aspx
We provide an article with more information on Worker’s Comp. https://fitsmallbusiness.com/workers-compensation-insurance/
We recommend small businesses consider using some kind of payroll software. Here are some free/low cost options: Best Free Payroll Software for Taxes, Direct Deposit & More
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
info@fitsmallbusiness.com
Copyright © 2018 · FitSmallBusiness. All Right Reserved. Privacy Policy.
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.