For an hourly employee, wages can include breaks, on-call time, overtime, travel time and training. Gross pay is the starting point for all calculations related to employee compensation and taxes.

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees.

What is an employee bonus? According to the U.S. Department of Labor, bonuses are additional funds paid to employees on top of their regular wages.

Calculating your company’s employee turnover rate is important so you can update company policies, reevaluate hiring policies and look at salaries offered.