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Holiday pay is compensation for holidays, like Christmas Day, when a business may be closed and the employee is allowed to take the time off from work.
Though the Fair Labor Standards Act (FLSA) doesn't require employers to pay employees for time not worked, many employers provide holiday pay as a benefit and follow the federal reserve holiday schedule, offering employees up to nine paid holidays each year.
To set up a Holiday Pay type for an employee:
Next time you create a paycheck for the employee, the Holiday Pay type appears. Simply enter the total holiday pay hours for the pay period and Intuit Online Payroll includes the hours when calculating the paycheck.
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