Tag: payroll

Question: What are the rules for payroll tax withholding when an employee lives and works in two different states? Answer: It will largely depend on the particular states in question. In general, if an employee lives and works in two different states, the employer must withhold taxes for the state in which the employee works….

Question: Is there a legal requirement to issue a paper paystub to employees each payroll period? Answer: There is no federal law requiring an employer to issue paper paystubs. The Fair Labor Standards Act (FLSA) does require that employers keep accurate records of hours worked and wages paid to employees. However, the FLSA does not require an employer…

Question: How do we explain imputed income to a client who manually does its own payroll? Answer: Imputed income is a monetary value added to the gross income for the purpose of calculating taxes. Imputed income may not be seen on the paycheck as cash but comes in the form of a benefit, such as the value of…