Pay Calculator Briefing

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Presentation transcript:

Pay Calculator Briefing

Purpose Recreate a Leave and Earning Statement (LES) for a specified pay period Not limited to government shutdown One pay period per document

Required Information Download LES from Employee Express for pay periods 2018/27 – 2019/3 Updated version of pay calculator Will be sent out regularly with updates and bug fixes

Step 1 – Employee Information Federal Tax Information Controller Incentive Pay Leave Starting Balances

Sample LES Pay Period 3 of 2019 Annual Salary Annual Leave Earned Per Pay Period FERS % Varies by member, based on hire date Federal Tax Withholding Information OASDI Amount If calculating a pay period and cap has been reached enter $0 or amount remaining to reach cap. 2018 - $7,960.80 2019 - $8,239.80 CIP Amount/Hours Worked Enter Current in CIP Amount and Hours in Hours Worked Health Benefits/Health Insurance

Step 1 – Employee Information (cont.) Deductions Some deductions are exempt from tax Most common deductions have been pre-populated Can enter either a percentage or dollar amount Percentage takes precedence

Deductions Pay Period 3 of 2019

Sample LES Values for Health/Dental/Vision for 2018 Pay Period 27 of 2018 Values for Health/Dental/Vision for 2018 New amounts take effect in pay period 2

Step 2 - Hours Worked Enter Year and Pay Period for this calculator Automatically inserts start and end dates Determines tax rates used by calculator Shifts Worked CRU-ART is the source Select Activity for the day RDO, Worked, Leave, Overtime, Holiday, Earn Credit Enter one shift per line Midnight shifts are entered on the day the shift ENDS Differentials are calculated based on this assumption Night differential will be paid for shifts in furlough status

Step 2 - Hours Worked (cont.) Leave Used Enter Leave Type and Start/End times Adjusts night differential/Sunday pay based on time actually worked Time Outside Shift Overtime (Holdover), Credit Hours, Travel Comp Calculates new leave balance and adds overtime hours Hours Worked Summary Calculates hours worked for each pay type Override column allows for manual entry of time worked Delete all values to utilize calculated values CIC/OJTI Can be entered as Minutes or Hours:Minutes

Step 3 - State Taxes Too many scenarios to incorporate into spreadsheet Use information calculated in the spreadsheet to estimate state tax withholding https://www.paycheckcity.com/calculator/salary/ Data in Green Boxes should be entered into the calculator along with your elections Enter the results into the “State Taxes” box towards the bottom of the page

LES Summary Provides a printable summary of earnings and deductions with a NET PAY box to show total amount due for the pay period Displays updated leave balances Can be used to compare payment received in PP3/4 to what is expected from PP1/2 Values displayed are generally within $.02 of actual amounts EXCEPTION: State taxes vary within $5-10

Questions? For questions, to report bugs, or request most updated version: paycalculator@natca.net