Payroll calendar year definition
Payroll calendar year means that period of time encompassing the first day of the pay period represented by the first payday in a calendar year through the last day of the pay period represented by the last payday in the same calendar year.
Payroll calendar year. A payroll calendar year is determined by the biweekly payroll cycles within each year. This means that an ACP payroll calendar year can begin prior to January 1 and end prior to December 31, depending on the biweekly cycles.
Payroll calendar year is the first pay period of each payroll year, which can fall as early as mid-December, through the last pay period of the year. There are usually 26 pay periods each year.