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Tax Updates
For Tax Table Information go to page 38 of the document below.
TAX TABLES
If you have setup questions call us...
785 272 5993
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Minimum Wage
2007 Federal Prevailing Wage changes for VocShop users
Click for Printable PDF File Minimum Wages
If you live in a state where the minimum wage is not already higher than the new fed... Read More ...
Contact us!Scott Vesper
620 664 5609 or email
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2007 Federal Prevailing Wage changes for VocShop users
Click for Printable PDF File  Minimum Wages
If you live in a state where the minimum wage is not already higher than the new federal minimum wage, this page is for you.
If you have rates where the prevailing wage is less than $5.85, you will need to adjust those on or before July 24, 2007.
If all your prevailing wage rates are higher than $5.85 adjustments are
still required.The Department of Labor offers two techniques for this
adjustment.
The first, which we strongly suggest is not good is, you could adjust
all your prevailing wages by the percentage difference between 5.15
(the old rate) and 5.85 (the new rate). The DOL states that they
believe that “most” wage rates will be changing, and that this
percentage based adjustment is fair. In consultation with our
labor-law consultant, we conclude that this will probably overstate
almost all your wage rates. Therefore, we strongly advocate option 2.
The second option is to immediately raise your prevailing wage rates
which are below the minimum to the minimum and to perform new wage
surveys for all your jobs. The new wage surveys may not be performed
before August 24, 2007, nor after September 23, 2007.
For those users running Gat 2, this adjustment is simple. Simply go
into each job title and change the prevailing wage rate, making a note
of the source and date of the new rate in the notes area. Then run
“Update hourly ratings” and “Update unit pay rates” from the
transaction menu.
For upgrade to GAT2 call Scott at 620 664 5609. Current hourly rates will apply if you are not on support and maintenance.
For those users running Gat1, we can assist with EITHER the percentage
based increase or the “mass update of indusrates” increase. Please
call VocShop tech support before July 24 for details about how to
perform mass-updates of wage rates without typing in each task. Phone
785 272 5993. Current hourly rates will apply if you are not on support
and maintenance.
Good luck with this, and as always remember that VocShop is here to serve you.
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