Retroactive Pay?


Retroactive pay refers to when a company pays a back pay for labor or services that were performed. An employee may receive back pay from their employer if their check was not paid out correctly. This can happen when too much was taken out or the pay was keyed in incorrectly. In order to pay the employee back, a company may choose to make installments over a period of time or pay the employee in one lump sum.
Q&A Related to "Retroactive Pay?"
1. Enter the date for first pay period during which an underpayment was made, at the top of the first column. For example, "January 2009. 2. Enter the amount which should have
I think.
Retroactive pay is a delayed wage payment for work already performed at a lower wage rate.
First of all, the "retroactive rate" specified in Proposition 30 applies just to income earned in 2012; you will pay it when you file in 2013, so you have several months
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When an employee is underpaid for work completed over a period of time, the problem is typically corrected with retroactive pay. This totals the amount of money ...
1. Determine the employee's previous pay rate. For example, he used to be paid $10 per hour, biweekly. 2. Figure out the pay increase. For example, he received ...
There are loan companies that will give you a loan on your retroactive pay from Social Security. They will give you a loan on any lump sum payment you might be ...
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