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When employees are paid every two weeks they are on a bi-weekly payroll. The actual day of payment is up to the employer. With a bi-weekly payroll, hours are generally calculated based on the last two weeks worked. An employee who worked a full two weeks will generally be paid for 80 regular hours. Salaried employees on a bi-weekly payroll are paid the same amount every two weeks. Taxes are computed on a bi-weekly basis, and are deducted from the employee's check based on two weeks of pay. The employer's federal and state taxes are paid every two weeks as well.
The biweekly payroll schedule provides pay period dates, time record due dates, and check issue dates for the biweekly pay periods. Monthly employees are paid on the first of the month. When pay day falls on a weekend or holiday, paychecks are issued on the first business day after the first of the month.