Thus, a monthly pay schedule has 12 pay periods per year. A biweekly pay period has 26 pay periods, so payroll taxes must be calculated differently to compensate. Federal income tax is figured on ...

Michigan Tech observes nine paid holidays: Independence Day, Labor Day, Thanksgiving Day, the day after Thanksgiving, Christmas Eve, Christmas Day, New Year's Eve, New Year's Day, and Memorial Day.

Statistics in this bulletin are based on people who are employed in at least one job paid through Pay As You Earn (PAYE), and monthly estimates reflect the average of such people for each day of the ...