Does PTO or Holiday Pay Count Toward Overtime?
Quick Answer No. PTO, holiday pay, and other paid time off do not count as hours worked for overtime purposes. How Overtime Is Calculated * Overtime is based on hours actually worked, in accordance with applicable law. * Paid time not worked, such as PTO or holidays, does not increase overtime eligibility. I…
What Is a 529 College Savings Plan?
Quick Answer A 529 college savings plan is a tax-advantaged investment account designed to help families save for future education expenses. Key Features * Funds can be used for qualified education expenses. * Contributions are made with post-tax dollars. * Investment growth may be tax-free when used for elig…
Why Is Accurate Timekeeping Important?
Accurate timekeeping ensures that you are paid correctly for all time worked and helps Leeds West Groups comply with federal, state, and local wage and hour laws. Accurate timekeeping protects: * Your pay and employment rights * The Company’s legal and payroll compliance * Fairness and consistency across teams…
What If My Bank Rejects My Direct Deposit?
Direct deposit rejections can delay access to pay. Quick Answer If a bank rejects a direct deposit, funds must be returned to the company before pay can be reissued. What Happens Next * Rejected funds are returned by the bank. * Once funds are received back, Payroll can issue a replacement payment. * This …
Can I Cash Out My PTO?
Quick Answer Only Automotive Technicians are eligible to cash out up to 40 hours of PTO per anniversary year. PTO Cash-Out Details * Eligibility: Automotive Technicians only * Maximum cash-out: Up to 40 hours per anniversary year * PTO must be accrued, available, and unused at the time of request Cash-O…
What Happens to My PTO If I Leave the Company?
At Leeds West Groups (LWG), PTO payout at separation is governed by state law and company policy. Quick Answer LWG does not pay out unused PTO upon termination, whether voluntary or involuntary, except where required by applicable state law. How PTO Is Handled at Separation * In most states where LWG operate…
What Is the 7(i) Overtime Exemption and How Is It Determined?
At Leeds West Groups, the 7(i) overtime exemption is applied in accordance with the Fair Labor Standards Act (FLSA) and applies only to eligible commission-based roles. Quick Answer The 7(i) overtime exemption applies to eligible commission-based roles and is determined through periodic testing that evaluates ear…
How Is Salary Pay Calculated?
At Leeds West Groups, salary pay is administered in compliance with the Fair Labor Standards Act (FLSA) and applicable state wage and hour laws. Quick Answer Salary is based on an annual agreed-upon wage paid in equal installments each pay period, subject to limited, legally permitted deductions in specific situa…
How Is Hourly Pay Calculated?
Hourly pay is calculated based on hours actually worked, in compliance with federal and state wage laws. Quick Answer Hourly pay equals your hourly rate multiplied by the number of hours worked, plus overtime pay when applicable. What Counts as Hours Worked Hours worked may include: * Time performing job du…
Will I Receive My Full Pay if I Am Out Due to a Workplace Injury?
Quick Answer No. Workers’ compensation typically provides partial wage replacement for eligible, approved claims. Pay and benefit eligibility are determined by the workers’ compensation carrier and may vary by state. Pay Information * Wage replacement benefits, if applicable, are issued directly by the workers’…
