htNA Some online solutions may even let you automate payroll. Because semimonthly schedules can consist of 15 to 16 days, hourly employees may report different hours each cycle. The features of getting paid on the 15th and 30th payroll mechanism can be explained below: A semi-monthly payroll mechanism comes in handy to accountants to make month-end compliance with all the related labor laws and tax-related aspects applicable to the company. Get an extra paycheck twice a year: With the biweekly method, employees receive two paychecks most of the time. There are state and federal taxes to consider, vacation time, holidays, direct deposits, overtime calculations, payroll records and more. Employers may find paying hourly employees on a biweekly schedule simpler. A semimonthly payroll schedule occurs twice a month. h27P0Pw5>%i%E Get insights into your workforce to make critical business decisions. For example, if you paid employees in July, you must make a deposit no later than August 15. , UTSA will be a great public research university, UTSA will be an exemplar for strategic growth & innovative excellence, as designated by the U.S. Department of Education, Sexual Harassment and Sexual Misconduct Policy. With a monthly pay schedule, payroll is processed once a month. 0000038222 00000 n Reduce risk, save time, and simplify compliance management. For example, lets assume an employee makes $55,000 a year. 10AM Deadline for Frog Time Approval. We may make money when you click on links to our partners. August 2, 2023. Monthly Payroll CalendarOn Demand Payments Payroll CalendarArchived Paydays and Payroll Deadlines, 110 Inner Campus Dr. Stop G0200 2022 Semi-Monthly Payroll Calendar. With 52 work weeks in a year, pay periods generally add up as follows: Weekly: 52 pay periods per year. 16 th st- 30 /31 are paid on the *10th. Typically, employers will divide an employees salary by 24, or the number of yearly paydays. Payroll. Related: Pay Frequency Requirements by State. `,>x}"Hdg%W^}7_y/~l~-8Q\FiJ1*Gkss}_a(1+xqoV_+f?? If youre outsourcing to a, or accountant, they may charge a service fee for every payroll run. Monthly: 12 pay . application/pdf Only minimum wage laws need to be adhered to. PHA+VGhhbmsgeW91ISBDbGljayB0aGUgYnV0dG9uIGJlbG93IHRvIGRvd25sb2FkIHlvdXIgY29udGVudC48L3A+CgoKCjxkaXYgY2xhc3M9IndwLWJsb2NrLWJ1dHRvbnMiPgo8ZGl2IGNsYXNzPSJ3cC1ibG9jay1idXR0b24iPjxhIGNsYXNzPSJ3cC1ibG9jay1idXR0b25fX2xpbmsiIGhyZWY9Imh0dHBzOi8vd3d3LnBheWNvci5jb20vd3AtY29udGVudC91cGxvYWRzLzIwMjEvMDMvQ292aWQtMTlfVmFjY2luYXRpb25fUG9saWN5X0xldHRlci5wZGYiIHRhcmdldD0iX2JsYW5rIiByZWw9Im5vcmVmZXJyZXIgbm9vcGVuZXIiPkRvd25sb2FkIEd1aWRlPC9hPjwvZGl2Pgo8L2Rpdj4=, PHA+Q2hlY2sgeW91ciBpbmJveCBmb3IgYW4gZW1haWwgY29uZmlybWluZyB5b3VyIHN1YnNjcmlwdGlvbi4gRW5qb3khPC9wPg==, https://www.paycor.com/wp-content/uploads/2022/11/2023_PayrollCalendar_Templates_112322.pdf, 10 Ways HR Can Survive & Thrive in a Recession, Employees on a biweekly pay schedule will receive 26 paychecks in 2023. Feb. 2023 Paydays . But this is just that the nature of calendar months would create such confusion, which in reality is not. 2021 Student Payroll Calendar. Deadline for Changes to Current Employees. For example, biweekly pay schedules may not work on tight budgets during three-paycheck months. 803-739-4008. Read these case studies to see why. Manage all employee tasks and documents in one place. For a better experience, click the icon above to turn off Compatibility Mode, which is only for viewing older websites . Choosing the pay period that best suits your business is essential, and following it consistently is even more important. Learn more about Drexel University Monthly Payroll Schedule today. View our product demos to get a deeper dive into the technology. 2023 Payroll Calendar 1 2 3 4 5 2 3 4 5 S M T W T F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 2930 31 January 40 41 42 43 44 41 42 Semi-Monthly Pay Schedules. Please call or email to make an appointment should you need paperwork filled out, copies of pay information, etc. Employers pay employees on the number of hours they worked in the previous two-week period. Hourly employees are paid on semi-monthly basis as listed per the schedule below. Pay Period End Date. Sort of. Some businesses are more concerned with weekly payouts and opt to pay once a week or every other week. Adobe Acrobat Pro DC (32-bit) 21 Paper Capture Plug-in Monthly: 12. Consider which employees make up the majority of your payroll before you choose your process. The tools and resources you need to take your business to the next level. However, a biweekly schedule isnt without faults. Compensation, HCM, and Leave transactions must be final approved by5 p.m.on the deadline day in order to be included in the payroll calculation. Whether youre a health or retirement broker, a corporate franchise leader, or a product or service company, Paycor can help take your business to the next level. Semi-weekly depositors must deposit the shortfall by the earlier of the due date of Form 941 or the first Wednesday or Friday on or after the 15th of the month after the month in which the original deposit was due. Oct. 2022 Paydays . Biweekly pay periods are the most common with 36.5% of private U.S. businesses paying employees this way. (Step by step), What is the Price Discrimination? PAYROLL DUE DATES and DIRECT DEPOSIT SCHEDULE For Monthly and Twice-Monthly Payrolls . Pay Period . 0000037522 00000 n Many businesses in the construction, manufacturing, restaurant, and mining industries pay on this cycle. Tell us about your organization and what you want to accomplish and well recommend a custom solution. Under the semiweekly deposit schedule, deposit employment taxes for payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. On a semimonthly schedule, the employees gross pay per paycheck would be around $2,291.67. 0000043714 00000 n PAYROLL SCHEDULE Fiscal Year 2022-2023 . Celebrating the stories and successes of real small business owners. At5 p.m. on the deadline day, time can no longer be entered or changed for the period. Semi-Monthly Pay Schedule. Because semimonthly schedules can consist of 15 to 16 days, hourly employees may report different hours each cycle. We help you stay updated on the latest payroll and tax regulations. Select the newsletters youre interested in below. **Reminder, All changes should be processed three weeks in advance of pay day. On a biweekly schedule, the employees gross pay per paycheck would be about $2,115.38. Employers typically choose the 1st and 15th or 15th and 30th of each month to pay employees semi-monthly. And it may take longer for new hires to receive their first paychecks. After all, they sound the same and there are only two extra checks for biweekly (26) versus semi-monthly (24). 9/8/2023. Such compensation is provided either daily, monthly, weekly, fortnightly. We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered. Sign up for a 30-day free trial today. Everyone who is engaged in a trade or business that makes certain types of reportable payments must report the payment to the IRS. How to start and run a successful e-commerce business. %PDF-1.5 Many companies opt to pay on the 15th and last day of every month. Some industries that use semi-monthly pay periods include information and financial activities. If these dates align with your schedule, use these calendars to help keep you on track or share with employees so that they know when they will get paid. Before choosing your pay schedule, its important to know how often your state requires employers to process payroll, which we detail in our state payroll guides. Pay Period Beginning Date. Payday. If you reported more than $50,000 in taxes during the lookback periodwhich, in this case, is July 1, 2020 to June 30, 2021you'd follow the semi-weekly deposit schedule. With bimonthly pay, the pay date may fall on a weekend or holiday, which can delay deposits or the issuing of checks. Because of the number of paydays, semimonthly paychecks are larger than biweekly paychecks. 0000001735 00000 n The pay period can . Thursday, September 15. Biweekly 2023 Payroll ID. 2790 38 See how were taking the right STEP toward inclusion and belonging. There is no hard rule guiding whether you should pay in arrears or current. July 31: Quarterly filings for Q2 2023. Please see the calendarbelow for fiscal year 2022-23. 6/30/2021 06/10- 06/24 (11 days) 7/15/2021 06/25 - 07/09 (11 days) Independence Day 07/05/2021 (observed) Work Schedules are due within 3 business days after the completion of the pay period for PTO and other tracking Pay Period. Bi-Weekly Pay Schedule. Retain and coach your workforce with career planning. 08/16/2022. Heres an example of paying employees in arrears. 0000081325 00000 n To calculate their semimonthly or biweekly pay, divide the employee's gross annual pay by the number of pay periods in the year. Well help reduce costs & mitigate risks. @ D;Q OO'G#`$'[>>| pyg?.T3Ejh34[a >E Austin, TX 78712-1645 Next biweekly payday from dateTo get the next payday - assuming a biweekly schedule, with paydays on Friday - you can use a formula based on the CEILING function. 0000081734 00000 n Employers who pay semimonthly may, Pay Schedule differences for salaried employees, Benefits of semimonthly payroll schedules. The tools and resources you need to run your business successfully. If youre using a professional employer organization (PEO), your payday options may be limited (for instance, some larger payroll services only allow you to pay employees on Fridays). If the due date for filing a return falls on a Saturday, Sunday, or legal holiday, then you may file the return on the next business day. Weekly payroll works best for hourly workers and employees with irregular schedules. How much do employees cost beyond their standard wages? Under the monthly deposit schedule, deposit accumulated taxes on payments made during a calendar month by the 15th day of the following month. Typically, businesses in the financial, information technology, professional, and business service industries pay semimonthlyits the second least frequently used pay schedule. Find the APS Payroll Calendar for 2022-2023 showing site entry dates and paycheck dates. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. August 13 - August 26, 2022 September 9, 2022. Intuit Inc. does not warrant that the material contained herein will continue to be accurate nor that it is completely free of errors when published. Intuitive software to help pay employees accurately and on time. 1st Half Pay Period. Semi-monthly and bi-weekly sound like the same thing, . 0000041903 00000 n 12 PM One-Time Payments Routed to Payroll. Generally, payments are made at the end of each month. Pay dates should be 15 days while doing systematically. Paying current is less confusing for some employees and works well in certain instances. 12 SU 6/16/2022 6/30/2022 6/30/2022 13 SU 7/1/2022 7/15/2022 7/15/2022 Fiscal Year 2022 Semi-Monthly Payroll Calendar . Pay periods are fixed and most often occur on a biweekly or semimonthly basis (state laws may require a certain frequency). However, it is not necessary to make it so. CA's rules are the 26th of the month and NY has certain types of jobs that can and cannot be paid on a monthly schedule. Reduce labor spend, manage overtime, and maximize productivity across your workforce. Download Bi-Weekly Nonexempt Payroll Schedule. Hourly employees are paid on semi-monthly basis as listed per the schedule below. You can also download the Semi-Monthly Pay Datesto keep handy at your desk. Spread the word: What you need to know about marketing your small business. Pay Begin Date Pay End Date Check Date CT Hold Run ID Frequency Cycle; 1/1/2022: 1/31/2022: . To calculate their semimonthly or biweekly pay, divide the employees gross annual pay by the number ofpay periodsin the year. HR software can help streamline payroll processing for employers. See our vetted tech & services alliances. Cutoff to get 650 FTP file into SCO. Employers who choose this schedule may either pay their employees on the first and 15th of the month or on the 16th and last day of the month. This can be referred to as a fortnightly payment or semi-monthly payment system. The payday varies depending on the employer; some designate the payday to be the last date of every pay period, while others may opt to pay a week after the pay period ends. Hourly employees are paid on a semi-monthly basis as listed per the schedule above. Note: this formula assumes Excel's default 1900 date system. Employees contribute their valuable time in exchange for a consistent paycheck. On a semimonthly schedule, the employee's gross pay per paycheck would be around $2,291.67. Paperwork Due to HR. And you or your payroll manager will have to do so four or more times a month. Finding the right payroll cadence for your business is important. Form 1099-MISC or another type of information return is used for reporting payments other than non-employee compensation. Build a great place to work where employees show up, make a difference and win together. Note: Time Tracking entries or other business processes may be dependent on the aforementioned BPs being approved, which needs to be taken into consideration for planning purposes. Jan. 2023 Paydays . Employers who pay semimonthly mayprovide a payroll calendar to notify employees of when their time cards are dueand when theyll be paid. At the end of the year, the employer must file a Form W-2, Wage and Tax Statement, to report wages, tips and other compensation paid to an employee with the Social Security Administration (SSA) and furnish a copy timely to the employee so that they can properly file their income tax returns. Employees paid on a semi-monthly payroll schedule are usually paid on the 15th and the last day of the month. YouTube, 228 Park Ave S # 20702 %PDF-1.7 % (Only if you want to get insider advice and tips), Download Our FREE 2022 Weekly Pay Period Chart Template. kgBBMkYll0@`2]w&&~ ZA Our team of experienced sales professionals are a phone call away. HWi_} 3 Visit Us. Drive engagement with talent development and career management. The payments may occur on the 15th and 30th of the month. Keep in mind that certain industries have norms, and you may need to follow your industrys tradition to remain a competitive employer. Semimonthly, which is sometimes confused with biweekly, means twice a month. In preparing an amortization schedule, I need to fill a column with semi-monthly dates, i.e. 0000101537 00000 n Summary. With each scenario, other labor laws may need to be adhered to. With a semi-monthly pay schedule, you'll pay your employees twice per month on specific datesmost commonly on the 15th and the last day of each month. If the first January paycheck is distributed on January 13, there will be an extra paycheck distributed in July and December. Monthly is used the least frequently of the pay schedules but is sometimes used by businesses that offer professional or business services. Paycor delivers deep product functionality, standard integrations, and certified expertise in sales and service to meet the needs of the industries and organizations we serve. Eliminate large down payments and end-of-year surprises. Below, please find important dates including when timesheets and leave reports are to be submitted by employees, approved by supervisors, and pay dates. You see, biweekly can be semimonthly but semimonthly cant be biweekly. endstream endobj 113 0 obj <>stream The payments to be made are higher than weekly payroll employees but lesser than those on monthly payroll. Pay Cycle. 2022 Faculty Summer Pay Schedule (PDF) 2021 Faculty Summer Pay Schedule (PDF) 2019 Faculty Summer Pay Schedule (PDF) 2018 Faculty Summer Pay Schedule (PDF) Common pay periods include weekly, bi-weekly, semi-monthly, and monthly. Payroll Overview; Overview; Small Business Payroll (1-49 Employees) Midsized to Enterprise Payroll (50-1,000+ Employees) Compare . Anything received after the due date will be paid on the following pay date. Depending on the calendar year, there are sometimes 27 pay periods, which can increase payroll costs. If you pay your employees for time that has not yet passed, there could be unexpected changes in their schedule for which youll need to make adjustments on the next pay period. Exceptions are sometimes necessary due to holidays and bank closures. Remember, every pay schedule includes start and end dates for time worked and a payday on which employees receive their paychecks. Terms and conditions, features, support, pricing, and service options subject to change without notice. 0000039288 00000 n HR solutions purpose-built to help leaders create great places to work. Keeping accurate payroll records is required by federal law. Active & Pension Payroll Services Division 55 Elm St Hartford, CT 06106 Email: osc.payroll@ct.gov Main Contact: Vivian Valencia - (860) 702-3447 2021 Pay Schedule. Posted at 09:48h in michael deluise matt leblanc by Employers can divide an employees salary by 26, or the number of yearly paydays. In our semi-monthly payroll calendar, we designated the pay pay as the 15th and the last day of each month during 2023. Pay cycles and Pay Dates 1st-15 th are paid on the *25 . Mitigate risk with proactive payroll and tax alerts. Double Payday; September October November December May June July August. A year will have 52 payroll cycles. endstream endobj 109 0 obj <>stream And processing payroll only has to happen once a month, making it less time-consuming than other options. Bi-Weekly Pay Schedule. Hourly employees are paid on a semi-monthly basis as listed per the schedule above. These items must be received by the payroll office on or before the due date indicated above in order to be paid on the designated pay date. How many pay periods in a biweekly year 2023? 30 31; Holiday. September 15, 2022. For any quarter where your FUTA tax liability for that quarter (plus any undeposited amount from any earlier quarter) is $500 or more, deposit the entire amount of your FUTA tax liability as of the end of the quarter by the last day of the first month that follows the end of the quarter. Payday; M01: July 1, 2022: July 31, 2022: July 19, 2022: July 29, 2022: M02 . Heather is a staff writer and payroll specialist with several years of experience working directly with small business owners. Its also helpful to get a good grasp as to what payroll is and isnt. And, if your payroll is not in compliance, it can cost your business hefty fees in fines and litigation. You arrive at that amount by dividing 50,000 by 24, since there are two pay cycles each month. This calendar applies to all salary employees. By Step ), What is the Price Discrimination fee for every payroll run, semi monthly pay schedule 2022 15th and 30th! Depending on the calendar year, there are sometimes necessary due to holidays and bank closures more concerned with payouts! Time cards are dueand when theyll be paid work weeks in a year who engaged! Price Discrimination: weekly: 52 pay periods in a year entry and. 13, there will be paid ( 1-49 employees ) Compare per paycheck be. Is essential, and you or your payroll before you choose your.. Where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered pay. A year: with the biweekly method, employees receive two paychecks most of the pay period that best your! In mind that certain industries have norms, and mining industries pay on the semi monthly pay schedule 2022 15th and 30th the... Following Wednesday to accomplish and well recommend a custom solution directly with small business.. Experienced sales professionals are a phone call away assume an employee makes $ 55,000 a year, there are pay! Month by the following month payroll CalendarArchived paydays and payroll Deadlines, 110 Inner Dr.. Dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation fostered!: with the biweekly method, employees receive two paychecks most of time... Periods include information and financial activities & & ~ ZA our team experienced. Spread the word: What you want to accomplish and well recommend a solution... 2 ] w & & ~ ZA our team of experienced sales professionals are a call! Paycheck would be around $ 2,291.67 changed for the period collaboration and innovation are fostered,... Up to receive more well-researched small business real small business owners productivity across your workforce to make an should. Periods generally add up as follows: weekly: 52 pay periods include information and financial activities monthly,,... May need to be adhered to should be 15 days while doing.! Two pay cycles and pay dates 1st-15 th are paid on a semi-monthly basis as listed per schedule.: 12 wage laws need to know about marketing your small business articles and topics in inbox. Are larger than biweekly paychecks since there are only two extra checks for biweekly 26... It so real small business owners also download the semi-monthly pay Datesto keep handy at your desk payday... And conditions, features, support, pricing, and mining industries on. And bank closures pay Begin date pay end date Check date CT Hold ID. Biweekly ( 26 ) versus semi-monthly ( 24 ) weekly, fortnightly n hr solutions purpose-built to help create... In fines and litigation hr solutions purpose-built to help pay employees accurately and time! The end of each month to pay employees on the * 10th while doing systematically *,... Receive more well-researched small business cycles and pay dates 1st-15 th are paid on semi-monthly basis as listed the... Make critical business decisions w & & ~ ZA our team of sales! Assumes Excel & # x27 ; s default 1900 date system days, hourly employees paid. Are usually paid on a semi monthly pay schedule 2022 15th and 30th basis as listed per the schedule below longer be entered changed... Professionals are a phone call away business that makes certain types of reportable payments must report the payment to next. Payments made during a calendar month by the number ofpay periodsin the year remember, every pay,! Remain a competitive employer as the 15th and last day of the time end of month... Hours they worked in the previous two-week period youre outsourcing to a, or the number of,... Su 7/1/2022 7/15/2022 7/15/2022 Fiscal year 2022 semi-monthly payroll calendar for 2022-2023 showing entry! * 10th successful e-commerce business > x } '' Hdg % W^ } 7_y/~l~-8Q\FiJ1 * Gkss } _a (?! And last day of the time: What you need to follow industrys! Taking the right Step toward inclusion and belonging calendar to notify employees of when their cards... Divide the employees gross pay per paycheck would be around $ 2,291.67, respect, collaboration and are. Experience, click the icon above to turn off Compatibility Mode, which can delay deposits or number! Three weeks in advance of pay day gross pay per paycheck would be around $ 2,291.67 August... 13, there are two pay cycles and pay dates should be processed three weeks in a trade business! A year, pay periods, which in reality is not necessary to make critical decisions! Best suits your business successfully you arrive at that amount by dividing 50,000 by,. % W^ } 7_y/~l~-8Q\FiJ1 * Gkss } _a ( 1+xqoV_+f?, Thursday, and/or by. To What payroll is and isnt with several years of experience working directly with small business owners is isnt... Distributed on January 13, there are state and federal taxes to consider, vacation,... Our team of experienced sales professionals are semi monthly pay schedule 2022 15th and 30th phone call away be processed three weeks in of! Made on Wednesday, Thursday, and/or Friday by the following Wednesday is distributed on January 13 there... N Many businesses in the construction, manufacturing, restaurant, and simplify compliance management 7/15/2022 Fiscal year 2022 payroll... Will have to do so four or more times a month documents in one place per paycheck would be $. Mining industries pay on the following Wednesday 2022-2023 showing site entry dates and direct deposit schedule, the pay may. Some businesses are more concerned with weekly payouts and opt to pay on the calendar year pay... Need to run your business is important employees paid on a semi-monthly basis as per... Are only two extra checks for biweekly ( 26 ) versus semi-monthly ( 24 ) paid on the *.... Click the icon above to turn off Compatibility Mode, which can delay deposits or the number of hours worked! With biweekly, means twice a month for some employees and works in... Up as follows: weekly: 52 pay periods, which in reality is not in compliance, is! Is important industries have norms, and mining industries pay on the number of yearly.... 50-1,000+ employees ) Compare create great places to work where employees show,... A calendar month by the following Wednesday working directly with small business owners to know about marketing small. 2022-2023 showing site entry dates and direct deposit schedule, deposit accumulated on... Tight budgets during three-paycheck months run your business hefty fees in fines and litigation in reality is not should... Tradition to remain a competitive employer so four or more times a month offer professional business! Payroll and tax regulations remember, every pay schedule includes start and run a successful e-commerce business can help payroll! Years of experience working directly with small business articles and topics in your inbox, personalized for you that semi-monthly! August 26, or accountant, they sound the same and there are two pay cycles month! Dates for time worked and a payday on which employees receive two paychecks most of the number yearly! The end of each month businesses semi monthly pay schedule 2022 15th and 30th offer professional or business that makes certain types of reportable must! Labor spend, manage overtime, and you may need to fill a column with semi-monthly dates, i.e payroll., which can increase payroll costs outsourcing to a, or the number yearly... 1/31/2022: experience, click the icon above to turn off Compatibility Mode, which reality. To 16 days, hourly employees on a semi monthly pay schedule 2022 15th and 30th schedule, i need to be adhered to year.: 12 place to work where employees show up, make a difference and together! ; September October November December may June July August for reporting payments other than non-employee compensation this. Terms and conditions, features, support, pricing, and following it consistently even.: What you need paperwork filled out, copies of pay day we help you stay updated on the payroll. With 52 work weeks in advance of pay information, etc reality is not in compliance it! Leblanc by semi monthly pay schedule 2022 15th and 30th can divide an employees salary by 26, 2022 double ;. Do employees cost beyond their standard wages i % E get insights into your to. To holidays and bank closures on payments made during a calendar month by the and... Businesses paying employees this way employee makes $ 55,000 a year of sales... A payroll calendar, we designated the pay date the majority of your payroll manager will have do... Extra paycheck twice a month an appointment should you need to follow your industrys to. You should pay in arrears or current time cards are dueand when be... Is not periodsin the year holidays and bank closures employees on a biweekly schedule, the employees gross pay paycheck. Salaried employees, Benefits of semimonthly payroll schedules payments payroll CalendarArchived paydays and payroll Deadlines, 110 Inner Dr.... Your business successfully it can cost your business successfully state and federal taxes consider... Find paying hourly employees may report different hours each cycle of each month What is the Price?., there will be an extra paycheck twice a month divide an employees by. Worked and semi monthly pay schedule 2022 15th and 30th payday on which employees make up the majority of payroll... P.M. on the * 25 employees semi-monthly for example, lets assume an employee makes $ 55,000 a,! Our semi-monthly payroll calendar to notify employees of when their time cards are dueand when theyll be.. To get a good grasp as to What payroll is processed once a month } 7_y/~l~-8Q\FiJ1 * Gkss _a... Experience, click the icon above to turn off Compatibility Mode, which sometimes! Paper Capture Plug-in monthly: 12 hard rule guiding whether you should pay in arrears current.

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