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Re: Sketching of Payroll
- Subject: Re: Sketching of Payroll
- From: John Locke <..hidden..>
- Date: Wed, 07 Mar 2012 14:03:26 -0800
On 03/07/2012 05:57 AM, Michael Richardson wrote:
Hmm. Well, our salaried paychecks vary because we pay twice monthly,
instead of every 2 weeks -- so the number of working days per check vary...
"John" == John Locke<..hidden..> writes:
John> Was just talking with a friend who is a Boeing engineer, and
John> he's salaried non-exempt, gets overtime, right here in
John> Washington State!
The question is: what's the difference for the *accounting system* between:
salaried == 40 hours/week (+no overtime)
hourly == 40 hours/week + overtime
If they were "exempt", then you'd never enter more than 40.
(and you'd probably create a recurring transaction, right...)