How Many Pay Periods In A Year latest 2023

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Payroll Kentucky, Unique Aspects of Kentucky Payroll Law and Practice

The Kentucky state agency that oversees the collection and reporting of state income taxes deducted from paychecks is:

Revenue office

200 Fair Oaks Lane

Frankfurt, Kentucky 40601-1134

(502) 564-7287

http://revenue.ky.gov/

Kentucky requires that you use the federal Form K-4 Employee Withholding Exemption Certificate to calculate state income tax withholding.

Not all states allow pay cuts made under Section 125 or 401(k) cafeteria plans to be treated the same as the IRS code allows. In Kentucky, cafeteria plans are not taxable for income tax purposes; taxable for unemployment insurance purposes. deferrals from 401(k) plans are not taxable for income tax purposes; taxable for unemployment purposes.

In Kentucky, additional wages must be aggregated for the calculation of state income tax withholding.

You must file your Kentucky state W-2s by magnetic media if you have at least 250 employees and are required to file your federal W-2s by magnetic media.

The Kentucky State Unemployment Insurance Agency is:

Department of Employment Services

275 E. Main St., 2nd floor. E.

Frankfurt, Kentucky 40621

(502) 564-2900

http://www.kycwd.org/des/ui/ui.htm

The Kentucky State taxable earnings base for unemployment purposes is earnings up to $8,000.00.

Kentucky requires magnetic media to report quarterly salary reports if the employer has at least 250 employees it reports that quarter.

Unemployment records must be kept in Kentucky for a minimum of six years. This information typically includes: name; social Security number; dates of hire, rehire and termination; wages per period; pay periods and pay dates; date and circumstances of termination.

The Kentucky state agency responsible for enforcing state wage and hour laws is:

Labor office

Employment Standards Division,

Learning and training

1047 United States 127 South, Ste. 4

Frankfurt, Kentucky 40601-4381

(502) 564-3070

http://labor.ky.gov/

The minimum wage in Kentucky is $5.15 an hour.

Kentucky’s general provision for overtime pay with an employer not covered by the FLSA is one and one-half times the job rate after a 40-hour week.

The State of Kentucky New Hire Reporting Requirements state that every employer must report every new hire, rehire, and rejection of employment. The employer must declare the elements required by the federal government concerning:

  • The name of the employee
  • Employee address
  • Employee’s social security number
  • Name of employer
  • Employer’s address
  • Federal Employer Identification Number (EIN)

This information must be reported within 20 days of hiring or rehiring.

The information can be sent in the form of W4 or equivalent by post, fax or electronically.

There is a $250.00 penalty for the 3rd violation and subsequent violations for late reporting in Kentucky.

The Kentucky New Hire Reporting Agency can be reached at 800-817-2262 or 804-771-9602 or on the web at http://www.newhire-usa.com/ky/.

Kentucky does not allow mandatory direct deposit

Kentucky requires the following information on an employee’s pay stub:

  • Gross and net earnings
  • purpose of deductions
  • Kentucky requires the employee to be paid at least twice a month, less frequently for FLSA exempt employees. Kentucky requires that the time between the end of the pay period and the payment of wages to the employee not exceed eighteen days. Kentucky payroll law requires that involuntarily terminated employees receive their final pay no later than the next regular payday or 14 days and that voluntarily terminated employees must receive their last pay no later than the next regular payday or 14 days. The deceased employee’s salary must be paid when it is normally due to the surviving spouse or guardian of minor children if there is no will and the estate does not exceed $15,000. Kentucky escheat laws require that unclaimed wages be paid to the state after seven years. The employer is further required in Kentucky to maintain a record of wages waived and turned over to the state for a period of 5 years. Kentucky payroll law mandates no more than $3.02 that can be used as tip credit. In Kentucky, payroll laws covering mandatory rest or meal breaks state that employees must have a reasonable meal period within 3 to 5 hours of the start of the shift; 10 minutes of rest every 4 hours; minors: 30-minute meal period after 5 a.m. Kentucky law requires that records of wages and hours be kept for a period of at least one year. These records will normally contain at least the information required under the RSA.

    The Kentucky agency responsible for enforcing child support orders and laws is:

    Child Support Enforcement Commission Office of the Attorney General 700 Capitol Ave., Ste. 118 Frankfort, KY 40601 (800) 248-1163 http://chfs.ky.gov/ Kentucky has the following provisions for child support deductions:

    • When to start detention? The order specifies the start date.
    • When to send payment? Date noted in the order.
    • When to send the notice of termination? “Rapidly.”
    • Maximum administrative costs? $1 per payment.
    • Hold limits? 50% of disposable income.

    Please note that this article is not updated for changes that can and will occur from time to time.

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