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When employees are paid every two weeks they are on a bi-weekly payroll. The actual day of payment is up to the employer. With a bi-weekly payroll, hours are generally calculated based on the last two weeks worked. An employee who worked a full two weeks will generally be paid for 80 regular hours. Salaried employees on a bi-weekly payroll are paid the same amount every two weeks. Taxes are computed on a bi-weekly basis, and are deducted from the employee's check based on two weeks of pay. The employer's federal and state taxes are paid every two weeks as well.
Here are the most common pay period durations, and the number of paychecks per year under each of these systems: Bi-weekly: A bi-weekly paycheck is issued every other week. There are 26 bi-weekly pay periods in a typical year. However, due to a phenomenon sometimes called âpayroll creepâ, once every eleven years there will be a 27th bi-weekly payroll. This is because 26 periods only account for 364 days out of the year (26 * 14 days), thus, along with the extra days added due to leap years, the periods will eventually align with the calendar to add a 27th paycheck.