Lost Earnings

[Guest shm3803]

I have a client with a weekly payroll. The deposited almost every payroll a week late for 3 years. The auditor wants me to calculate the lost earnings. The lost earnings for each week comes to less then $3.00. Do I have to go through each payroll and breakdown the lost earning by participant if it is such a low amount or can I spread it in another way.

Thanks!

[ETA Consulting LLC]

I do not think there is a de minimis exception. I know it defies logic, but I believe the idea of requiring this to be done is the intended punishment. In many calculations, the earnings aren't that substantial.

Good Luck!