WAGE TYPE CreationChange Request Form WAGE TYPE Creation Broward K12 Fl
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People also ask
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What does wage type mean?
A wage type is typically evaluated with a monetary amount that should be paid out to the employee or that they should withhold. It can also be used to cumulate several amounts for statistical evaluation. It can be used by the system in Payroll to temporarily store interim results, and to move from one step to the next.
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What is the wage type model?
Wage type model is group of wage types which we want to get defaulted into IT0008 based on some criteria (like EG group, PSA, country, allowance grouping etc). We can group wage types in wage type model in table T539A.
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What is the wage type?
A wage type is a coding system used to define a type of payment or deduction on a pay statement. Wage type abbreviations (eight character limit) are itemized on a pay statement to assist payees in understanding individual components of gross pay and deductions.
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What is the meaning of pay type?
A pay type is a designation used to calculate labor costs for both hourly and salaried employees. Overtime, for example, is a pay type.
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What types of wages are there?
Wages include, but are not limited to: Salaries, hourly pay, piece rate, or payments by the job. Commissions and bonuses. Overtime and vacation pay. The reasonable cash value of compensation other than cash.
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