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Content Type: ASC_Announcements
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Last modified at by
Date6/30/2011
AnnouncementVerifying overtime Calculations that Include Bonus Payments
Description

Overtime payments are coming into full compliance with the Federal Labor Standards Act (FLSA).  The FLSA mandates that bonus payments to overtime-eligible employees must be taken into consideration when adding extra premium to the employee's paycheck. The correct results now appear during payroll simulation, after payroll has processed, and in the pay the employee receives.

 

Using as an example a fictitious employee’s pay, the web document Verifying Overtime Calculation in AASIS has been revised to include bonus payment information and explains the entire process in detail.