Payroll Wyoming Unique Aspects of Wyoming Payroll Law and Practice
Below is a MRR and PLR article in category Business -> subcategory Other.
Wyoming Payroll: Unique Aspects of Wyoming Payroll Law and Practice
Summary
Wyoming payroll includes several unique aspects and conditions. This article outlines key details about tax withholding, unemployment insurance taxes, wage and hour laws, and child support withholding in Wyoming.---
Key Points
Absence of State Income Tax
Wyoming does not impose a state income tax, eliminating the need for a state agency to manage tax withholding or reports. Consequently, there are no state W2s to file or supplementary wage withholding rates to manage.Treatment of Cafeteria and 401(k) Plans
While some states follow the IRS code for salary reductions under Section 125 cafeteria plans and 401(k), Wyoming treats these plans differently. Cafeteria plans are not taxable for unemployment insurance, whereas 401(k) deferrals are.Unemployment Insurance
Wyoming's State Unemployment Insurance Agency, located in Casper, oversees unemployment insurance. The taxable wage base for unemployment is up to $15,900.Employers in Wyoming can optionally report quarterly wages via magnetic media. Unemployment records must be maintained for at least four years, including details like employee names, social security numbers, hire dates, and wage information.
Wage and Hour Laws
- Minimum Wage: $5.15 per hour.- Overtime: No state provision for non-FLSA-covered employers.
- Pay Stub Requirements: Must include itemized deductions.
- Pay Frequency: Employees must be paid regularly, with specific rules for different sectors.
- Final Pay: Terminated employees must be paid within five working days.
There are no provisions for meal or rest breaks, and wage records must be kept for at least two years.
New Hire Reporting
Employers must report new hires and rehires within 20 days, including required federal information like employee names, addresses, and social security numbers. No penalties exist for late submissions.Child Support Withholding
The Child Support Enforcement Program oversees child support orders. Key details include:- Start Withholding: First pay period after service.
- Payment: Within seven days of payday.
- Termination Notices: Sent within 30 days.
- Maximum Fee: $5 per payment.
- Withholding Limits: Follow federal CCPA rules.
Additional Information
- Direct Deposit: Not compulsory.- Final Pay for Deceased Employees: No specific provision.
- Unclaimed Wages: Must be surrendered to the state after one year, with records kept for five years.
- Tip Credit: Maximum of $3.02.
Note
This article may not reflect recent changes in law, so consult current resources for updates.---
Feel free to reach out to specific Wyoming agencies for further assistance or clarification on these points.
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