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Compute salary and deductions for the current pay period based on hours input and pay rate and deductions from the employee's master record. Update the employee master "year-to-date" figures and create a file of records containing information to be used in the following steps. Print payroll checks using the data created in the previous step.
Due to an inability to pay outstanding debts, the company assigned the licenses of WGMX and sister stations WFFG, WKEY-FM, and WKEZ-FM to a trustee on June 4, 2018, to be sold for the benefit of creditors. A sale of WGMX and WFFG to Joseph Nascone's The Great Marathon Radio Company was consummated on September 14, 2020, at a price of $35,000.
WVOD, is a commercial radio station licensed to Manteo, North Carolina serving the Outer Banks of North Carolina which includes Kitty Hawk, Kill Devil Hills, and Nags Head. WVOD broadcasts at 50,000 watts at 99.1 FM and is formatted as an AAA or Adult Album Alternative music station. The station is owned by Jam Media Solutions, LLC.
In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.