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Accounting, Payroll & Pension Issues/Definition of "bi-monthly" payroll
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Question
Does being paid on the 15th and 30th of each month constitute bimonthly? If so, what would be the paydates for February?
bimonthly which is also called semi monthly is being paid twice a month or 24 times a year.
The paydates are set and if they are the 15th and 30th than they will always be the 15th and 30th expect for February you may be paid on February 27th instead as there is no February 30th.
Shirley
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Answers by Expert:
Shirley McAllister, CPP, PHR
Expertise
I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension. I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures. Please do not ask me homework questions I do not have time to answer them.
Experience
25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.
Organizations
SHRM, APA, I.O.M.A.
Publications
I.O.M.A. and BNA
Education/Credentials
P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration.
Boise State University Human Resource Certification
Awards and Honors
APA Hotline Citation of Merit for last 8 years.
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