Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

July 23, 2020

How do I figure out if an employee made more than $100,000 in any one pay period in 2019?

Posted by Armanino Financial Advisory Team

For each employee, find the maximum amount that they earned in any pay period in 2019 and multiply that gross wage by the number of pay periods that you had in 2019. For example, put on Table 2 anyone who:

  • Earned more than $8,333 in any pay period for a monthly payer (12 pay cycles)
  • Earned more than $4,167 in any pay period for a semi-monthly payer (24 pay cycles)
  • Earned more than $3,846 in any pay period for a bi-weekly payer (26 pay cycles)
  • Earned more than $1,923 in any pay period for a weekly payer (52 pay cycles)
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