About BusinessCalc Payroll Standards

Labor Law & Tax Codification Compliance

All Payroll calculations strictly adhere to authoritative statutory and labor standards:

• IRS Publication 15 (Circular E): Federal income tax withholding, 6.2% Social Security ($168,600 cap), 1.45% Medicare, and 0.6% net FUTA tax rates.
• FLSA 29 U.S.C. § 207 & 29 CFR Part 778: Overtime regular-rate calculations, non-discretionary bonus inclusions, and shift differential multipliers.
• US GAAP ASC 710: Compensated absences (PTO liability accruals) and payroll expense general ledger reporting.
• IRS Section 45B / Form 8846: Employer FICA tip tax credit rules for food and beverage operations.