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Handbook of Business Procedures

Date published: 
Last revised: 
Issued by: 

June 3, 2011
June 3, 2011
Payroll Services

 

Part 13. Payroll Services - Table of Contents


13.2.1. SALARY AND WAGES

Salaries and wages are compensation paid to employees for services provided to The University of Texas at Austin. These payments are paid through Payroll Services and are reportable compensation included on Internal Revenue Service (IRS) Form W-2.

A. Salary

Salary payments are fixed compensation amounts paid for services provided to the university by regular employees who are assigned to monthly positions. Salaried employees are paid on a monthly basis.

B. Wages

Wages include compensation paid to regular hourly employees for services provided to the university; other payroll compensation, such as overtime and shift differential; and payments to casual employees.

 

 

Part 13. Payroll Services - Table of Contents