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Your Guide to Take-home Pay

Patriot Software

After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it. What is take home pay? Take-home pay consists of the […] READ MORE.

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Can Payroll Services Handle Direct Deposit?

Patriot Software

Payroll services calculate employees’ wages, taxes and deductions, and take-home pay. […] Read More Direct deposit is a convenient payment method for employees, who receive their paycheck quickly and securely on payday. Most employers handle direct deposit through their payroll software.

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How to Calculate Net Pay for Payroll

Patriot Software

Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). To find their take-home pay, you need to know how to calculate net pay. Employee salary: $50,000 a year. But you know that’s not what they’re walking away with.

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SAVING 1% MORE COULD BOOST PENSION BY 25%

Employee Benefits

The cost to the employee of this increase in contribution is a reduction in take home pay of less than £12 per month (£136pa). The cost to the employee of this increase in contribution is a reduction in take home pay of £17 per month (£204pa).

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What Are Payroll Deductions?

Patriot Software

You know there are deductions to take out of your employees’ paychecks. What do you withhold from an employee’s take-home pay? Read on to learn the different deductions you have to take out of each employee’s paycheck. But, are they pre-tax vs. post-tax deductions? What are payroll deductions?

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What is a section 125 plan?

PeopleKeep

When used correctly, a cafeteria plan can increase an employee’s take-home pay without any change in compensation. Let’s take a comprehensive look at section 125 plans to help you better understand how they work for employers and employees.

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Currys increases salary for 10,000 staff and boosts minimum pay rates

Employee Benefits

The retailer has additionally increased minimum pay rates , which will rise to £11.50 Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.

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