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To process an employee s paycheck correctly, the payroll department must calculate and deduct the appropriate federal income tax Payroll systems are designed to take an employee s marital status and number of allowances into account to determine the proper taxation The employee gives this information to payroll on the Form W-4, Employee s Withholding Allowance Certi cate Because this form is vital to processing the employee s paycheck correctly, it is important to make sure the form is processed ef ciently and properly (a) Receiving the Form from the Employee The payroll department must have a Form W-4 on le for every employee it pays A Form W-4 could be a part of the new hire packet in order to expedite the process The form should be lled out in time to process it with the rst payroll for the new employee.



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However, the IRS has made allowances if the form is not received in time If the payroll department does not have an employee s valid Form W-4 on le, the marital status of Single with zero (or no) allowances must be used until the form is received Once the rst form has been processed, it remains in effect until the employee submits a new form The form does not expire unless the employee claims exempt on the form Exempt forms expire each year and a new form must be submitted by the employee.

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isting conditions of risk, a company can remedy the problems which have led to historical and recent employee turnover. That is, it can minimize future employee turnover. It is possible that the management team and its policies have been responsible for much of the turnover of the past. New actions and policy adjustments can x this. Identifying those employees with the highest risk for voluntary separation allows the organization to evaluate each employee s performance and implement training programs to help increase employee success and leadership capabilities. Employee retention increasing actions or policies include the following: Increased pay ranges Higher starting salaries Formalizing a management-by-objectives program (e.g., scorecards) More effective training and education Career path assistance As changes for speci c employees are made, such as a salary increase, the employee can be rescored to see how much the change will reduce the employee s probability of leaving the organization. The obvious message here is, don t risk losing your top performers who possess the more critical skills particularly to competitors!

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If the employee does not submit a new form by February 15th of the new year (this date does uctuate slightly from year to year depending on whether it falls on a weekend or not), the payroll department reverts the employee s status back to that of not having a valid form on le until a new form is received Employees must be allowed to change their Form W-4 as often as they nd it necessary It is conceivable that an employee could change his or her Form W-4 every payroll The IRS regulations do allow the payroll department up to 30 days to process a new Form W-4, however, it is not advisable to use this time frame for processing the forms The forms should be processed for the payroll in which they are received for maximum ef ciency..

The magnetizing current I m to be taken into account is the magnetizing current of the CTs for a secondary voltage Vs = Rs I set .

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Interestingly, M is independent of the wavelength and the dielectric constant of the spacer. The numerical example in Table 6.1 shows M versus percentage of error in the final result. In this example we consider a two-layer patch array of cell size 0 6 0 0 6 0 and patch size 0 3 0 0 3 0 . The thickness of the spacer (space between the patch layers) is 0 1 0 with a dielectric constant of 1.1. We consider

returns for mark sterling exchange rate data that introduced generalized ARCH or GARCH models. It is found that instead of including a large number of terms, it is parametrically more parsimonious to introduce a few (= q) terms involving the lagged errors of the auxiliary regression (4.2.3). The GARCH(p, q) models are simply ARMA(p, q) models applied to squared regression residuals. Denoting the conditional variance by a subscript on s2 we have the GARCH(1, 1) model de ned by E[e t2 e t -1 ] = s t2 = a 0 + a 1e t2-1 + g 1s t2-1 , (4.2.6)

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