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Regular = 40 × $22 = $880. Overtime = 8 × ($22 × 1.5) = $264. Total = $1,144. Payroll professionals must apply overtime pay correctly to avoid wage disputes and ensure compliance with FLSA.

Form I-9 verifies work eligibility for employees in the U.S. Payroll and HR jointly maintain compliance by ensuring records are accurate and retained properly.

The Federal Insurance Contributions Act (FICA) funds Social Security and Medicare. Employers and employees contribute equally. Payroll must calculate and remit accurately.

Payroll expense is debited for total gross wages, while withheld taxes are credited to Tax Liability accounts until remitted. This ensures compliance with GAAP and IRS regulations.

The Fair Labor Standards Act (FLSA) sets federal overtime rules, requiring nonexempt employees be paid 1.5× their regular rate for hours worked over 40 per week.