WTD (Working Time Directive Pay), for example, is payable on the enhancements only if the employee has a substantive job with the Trust in this scenario. This leave time does not count as WTD pay and extends the length of the WTD period. FICA Med This refers to the Federal Insurance Contributions Act Medicare that you contribute 1.45% of your pay to. Nontaxable Wages: Wages that are exempt from Federal & State taxes. Here are eight additional pieces of information you may see on your payslip, and what they mean: Your payroll number - Some companies use payroll numbers to identify individuals on their payroll. What are the answers to studies weekly week 26 social studies? Your payslips are also an important part of Dutch life: you'll need to provide them if you . Currently employees are paid 12.5% WTD on all enhancements and additional hours up to full-time (for part-time employees only). Your payslip will explain why, which will help you get a realistic picture . The law states that paying taxes is not a voluntary requirement. 06/05/2017 21:23. If you are on a weekly payroll it refers to the week of pay, starting with week 1 in April to week 52 at the end of March. In the business world, what does WTD mean? There's a shortfall of 50 in your till and . WTW is a textpeak acronym that asks what the word means. These are the most common paycheck stub abbreviations related to after-tax deductions: Federal and state income taxes, as well as Social Security, are common pay stub deductions. So babyroobs is right, I think, that you don't get extra pay when you take annual leave, but you do get WTD pay when you work, which is an extra 12.5% of your enhancements and covers the cash value of the annual leave that you should get for working those hours, so that when you take leave you've been compensated in advance. Such requests are best managed through Employee on-line app - where there is a question about how much bank holiday leave a colleague is entitled to, for example, if they are part time - Greg (eRoster Manager) has created. Contributions to the Combined Federal Campaign, Old Age, Survivor and Disability Insurance (, Type of leave (annual, sick, holiday, admin, etc), Annual leave that you donated or donated annual leave that was returned to you. WTD. katherine noelle wyman; cape breton post obituaries 2022. location symbol text in word; list of female jockeys australia; mike conley house columbus ohio address And if youre an accountant, being able to manage. Payslips are the most trusted and easiest way to do this. By deeply understanding the figures in a nurse's salary, you can spot if there are errors, if you've been paid correctly and make better decisions about when to do extra work. This is likely the part of your paycheck youre most concerned about, as it details the amount of money you are receiving. 15 hours in week 5 (only part of the week falls in the month) Average hourly pay = 1,250 130 = 9.62. 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This includes Flexible Spending Accounts; health, dental, and vision insurance. Holiday pay included in wages. Tax Deferred Wages: Deductions not subject to . Its used in text messages and hashtags for social networking sites. Your employer cannot take more than 10% from your gross pay (pay before tax and National Insurance) each pay period to cover any shortfalls. I remember reading something about holiday pay having to be shown as an extra line on the pay slip for it to be paid as part of my wages? Now, select the 'ESR Navigator' from the My Pages menu. Select payslip from the 'My Pay and Reward' option. A Payslip includes details about salary such as deductions and total earnings. This is called your net pay. 35 hours in week 4. This figure is how much your employer pays you before the above deductions come into effect. Includes other information such as, Physicians Comparability Allowance, retention allowance, overtime, differentials, etc. For a great interactive tool to help you understand more about your payslip we recommend you check out the CIPP payslip template. Youll be able to understand where your money is going and exactly why youre receiving the pay youre getting. Children under the age of 18 are not eligible to sign this form and must not work more than eight hours per day and 40 hours per week. Please make sure you give this number to your employer when you start employment. . It is a common practice to calculate holiday entitlement for workers with irregular hours at the rate of 12.07% of hours worked (based on the assumption that a working year is 52 weeks less the statutory 5.6 weeks annual holiday entitlement = 46.4 weeks and 5.6 weeks = 12.07% of 46.4 weeks). Social Security This amount of money goes toward your Social Security taxes, which are used to help fund retirement benefits for you when you get older. Let's say that Elizabeth is an engineer, and these are her work hours: This data, pulled from time cards, reveals that Elizabeth has worked a total of 651 hours during this WTD. Earnings for Tax / Earnings for NI - This is the amount of your earnings that are subject to tax or national insurance deductions. How much holiday pay you have accrued. It is crucial that annual leave is recorded in the roster accurately and timely with rosters being finalised as per current deadlines. The EWTD stipulates 11 hours rest between shifts, so no problems with back-to-back long shifts either, as they are up to 13 hours (on paper). WTD on a pay slip/stub means working time derivative. . Because SSP is treated as if it replaces wages or salaries, your employer will take deductions for tax, national insurance, and student loans, among other things. Payslip that is also known as a Wage slip or Salary slip is a document given by an employer to an employee after the payment of salary. What does WDT mean in slang? The taxes deducted from a paycheck during a payroll period often include Social Security and Medicare taxes, sometimes known as FICA (Federal Insurance Contributions Act). If you have any issues about the information on your pay stub, please contact your payroll provider. Year To Date - YTD: Year to date (YTD) refers to the period beginning the first day of the current calendar year or fiscal year up to the current date. That's why it's important to check your Dutch payslip so you know: Your gross and net salary (before and after tax) Allowances and reimbursements that you're entitled to. 6. Under the Navigator select the 233 Employee Self Service (limited access). I am keen to know about NIable Pay and how its calculated because the amounts on payslips tend to differ. . To comment on this thread you need to create a Mumsnet account. This means that an employee could work overtime in any given week as long as he does not average more than 48 hours per week during the assigned period. What does WTD mean on payslip? Please don't hesitate to get in touch if you can't find the answer to your query on this page. Please Click here to access payslip guidance. Here is a list of paycheck stub abbreviations that relate to your earnings: Add Pay Additional pay. Youll be able to understand where your money is going and exactly why youre receiving the pay youre getting. Therefore, from 1 April 2022 (first payment will be May 2022) contracted employees will now receive AfC average payments instead of WTD. Your Pay and Earnings Statement can have various codes on it. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. The Working Time Directive (WTD) is a piece of legislation introduced by the European Union in 1993. The example we use in this article represents the payslip for the professional status 'Cadre'. The NHS had a budget of 437 million when it was founded in 1948 (roughly 15 billion today). How is a Missing Check or Electronic Funds Transfer Payment Traced? They are known as WTD payments because the payment is made in recognition of the Working Time Directive legislation. Accurate calculations are important for compliance and fair labor practices. Your tax code is given to your employer by HMRC and will usually change each financial year. You should be able to see your category letter on your payslip. *Working Time Directive (WTD) payments are determined locally and may vary from Trust to Trust. Tally your employee's gross wages from their employment agreement or timesheet. Learn about our organization, goals, and who to contact in HR. In the European Union, the working time directive, or WTD, prescribes certain rules about how many hours an employee can ethically work on a job per week. Although, there are a few items that all employers are required by law to include on your paycheck. 5. If more than one, they are numbered accordingly. pay for week 2 = 9. Required fields are marked *. Payslip and Payroll FAQs Understanding Your Payslip. Married women and widows who opted before April 1977 to pay reduced NICs. Not sure what department you're in, but the NHS is vying for more long shifts in certain areas, not cutting down on them. This term could stand for "what to do" in many different circumstances. In this case above you can see Edward worked late on a Friday night to do a software release. The last thing you want is for an error to be repeated over and over. Calculating WTD for an example or two could help you better understand how to calculate WTD pay for your employees or what data to enter in a working time directive calculator. 1=personal allotment. WTD?? This webpage is also available inPDF. Many employers include a comparable list for contributions to retirement schemes and health insurance policies. Annual leave accrues this payment, Bank Holidays do not hence the requirement to differentiate to prevent over or underpayment. In this blog post, well decode the most common paycheck stub abbreviations so you can easily and confidently interpret your next paycheck stub. Although, there are a few items that all employers are required by law to include on your paycheck. photo credit: Halftone viaphotopin (license). WDTs Whos Drinking Thread (internet forum). To avoid confusion, decipher what each abbreviation and acronym stands for. Firstly, you need to login into your NHS account with relevant information. You won't keep this number if you move company, and its worth noting that not all employers will issue one. PAYE This stands for Pay As You Earn, it is the system by which you pay both your income tax and national insurance (NI). HealthRoster Creator and Approver Training. Do you understand your enhancements? Week 2: 58 hours. If someone is asking . If you require additional help to understanding your payslip, then please take a look at the guidance below which includes a complete breakdown of all of the elements to your payslip. The amounts of any deductions that change from payday to payday, and what the deductions are for. When we divide 651 hours by 17 weeks, we see that her average hours per week equals just over 38 hours. HVAC, . Whether youre receiving a paycheck or. State Tax This is the tax your state government collects. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. Save my name, email, and website in this browser for the next time I comment. I've gone back to the employer and will phone payroll later to clarify, as well as checking my payslips. To facilitate this change Trusts currently paying WTD need to move to the alternative method of paying this entitlement through a payment called AfC (Agenda for Change) Average. FICA SS This refers to the Federal Insurance Contributions Act Social Security that you contribute, Fed/FWT/FIT/FITW Federal tax withholding, St Tax/SWT/SIT/SITW State tax withholding, Aside from tax deductions, however, there are some before-tax deductions that may appear on your, 401k/Ret 401k or retirement withholdings, Each pay stub includes year-to-date fields for each withholding category, allowing you to keep track of how much youve paid in taxes, Social Security, and Medicare over the course of the year. It can either stand for "what to do" or "what's the deal.". It can either stand for "what to do" or "what's the deal.". Taxable Wages: Wages that are subject to Federal & State taxes. Misc Miscellaneous pay. Introduced in tax year 2015-16, category M means that employers will pay reduced employer Class 1 secondary NI contributions for the employees that the category is applied to. For salaried workers: The rate of pay is based on the full-time monthly base salary divided by two. Volatility, standard deviation, and risk are all synonyms in finance. Basic pay in 2020-21 ranges from: 28,243 for an FY1, 32,691 for an FY2, 38,693 for a core or specialty trainee (CT1-2/ST1-2), to. Parking charges and land sales, for example, provide some revenue for the NHS. Wiki User. Your email address will not be published. Continue to book and record leave on the roster and this will be transferred into ESR as normal, but you will now also need to identify bank holiday leave separately. When requesting or recording a Bank Holiday its necessary to record under the correct leave type (Reason) within Employee Online. Working Time Directive. 21. This week I explain to you the NHS payslip? We often link to other websites, but we can't be responsible for their content. Employee number - This is given to you by your employer and serves as a unique identifier for you while you work there. Gross pay. The good news is that you can earn a certain amount of money before starting to pay taxes, which is known as your Personal Allowance. The times and the rates of payment are: Pay band. What are the disadvantages of shielding a thermometer? Subtract voluntary and involuntary deductions. (WTD) DEFINITION The WTD defines 'working time as follows: Working time means any period during which a worker works, at the employer's disposal, and performs his or her activity or duties in . Do you ever feel like paycheck stub abbreviations are written in a foreign language? This is what the other letters mean: B. Calculate their paycheck! Overnight workers are also not eligible to sign this opt-out form and must work no more than eight hours per shift. Which A: I haven't noticed but B: seems to be less that stat minimum? See answers (2) Copy. Your email address will not be published. This week I explain to you the NHS payslip? Let's say that Elizabeth is an engineer, and these are her work hours: Week 1: 42 hours. So babyroobs is right, I think, that you don't get extra pay when you take annual leave, but you do get WTD pay when you work, which is an extra 12.5% of your enhancements and covers the cash value of the annual leave that you should get for working those . How much leave you are entitled to. Here is a list of the abbreviations youll usually find in the header of your paycheck stubs: Now that you know whats included in the paycheck stub header, its time to move on to your earnings. Suggest. Arrears payroll is the cadence of running the past week's payroll instead of the current week, or any kind of delayed payroll schedule. These federal and state withholdings account for a significant portion of the difference between your gross and net income. What does WTD mean at work? She is the nonprofit founder and executive director of Love Powered Life, as well as a Certified Trauma Recovery Coach, certified HRV biofeedback practitioner and freelance writer who has written for publications like Working Mother, the San Francisco Chronicle, the Houston Chronicle and Our Everyday Life. This is simply a method of saving time and space on your pay stub. How is WTD pay calculated NHS? So here's our simple guide to payslip terms that you need to know. You have a right to get a payslip with every payment of your wages, either when you get paid or shortly after.. Looking at all the numbers in your wage slip might be intimidating. The theme for National Payroll Week 2015 is it pays to learn, focussing on the role that payroll can play in educating the nation. Add all of the earned enhancements and do the sum below to work out the WTD payments due. Add message. Anne works from her home office in rural North Carolina, where she resides with her husband and three children. Line 2: State tax. Your company's year-to-date payroll (YTD) is the amount of money your company has spent on the payroll since the beginning of the calendar or fiscal year, up to the current payroll date. Your payslip is a written statement from your employer, showing your gross pay (that means your total earnings before tax), PRSI and other deductions. Week 3: 25 hours. Let's do a deep dive and look at the details of a Band 5 Nurse's salary. BRVMT Bereavement pay. When expanded it provides a list of search options that will switch the search inputs to match the current selection. WTD?? WTD is paid at the same time as the enhancements/additional hours are claimed. though some states may not require their residents to pay state tax. Just because you earn, say, 30,000 a year, it doesn't mean to take home 30,000 a year. NHS pension? It is 10,600 for the tax year 2015-2016. mmon Items Included on Your Paycheck Stub, Before we learn what the abbreviations mean, its good to have a solid idea of, what information your paycheck stub holds. , theres a lot going on in those tiny letters on your paycheck stub, so it can often be hard to make sense of them all. But understanding what it all means is really important - how are you going to spot if you have been paid incorrectly if you don't know what you are looking at? 2009-09-11 08:22:03. c /boO.M TAXABLE PAY 7180.50 PENSIONABLE PAY 1516.79 TAXABlE PAY 1425.78 NI L.El-TER D TAX PAID 907.50 TAX PERIOD 6 NONTAXABLE PAY . Discover resources to have a balanced career at NIH. The two most important working time limits imposed by the RTD are: An average of 48 hours a week over a reference period (usually 17 weeks - although this can be extended up to 26 weeks by collective of workforce agreement) An . It will often appear on your payslips. This button displays the currently selected search type. WTD: A securitys return for the week to date. It may include earnings for overtime, bonuses, shift work, and holiday pay, etc. An online working time directive calculator can help in calculating WTD for an employee who has taken a lot of paid leave. Cmp Pyot Compensatory time payout. Warning: "continue" targeting switch is equivalent to "break".Did you mean to use "continue 2"? You dont pay any income tax until you earn more than a certain amount. Where staff are part-time, only the hours accrued for Bank Holidays need to be recorded under the Bank Holiday reason, any remaining hours will need to be recorded as Annual Leave, by submitting two partial day requests. Anne Kinsey is an entrepreneur and business pioneer, who has ranked in the top 1% of the direct sales industry, growing a large team and earning the title of Senior Team Manager during her time with Jamberry. Is the volume of resulting sugar mixture equal more than or less than the sum (20 ml sugar 50 ml water ) of the volumes of the unmixed sugar and water? = ( number of hours taken in the morning and one in the business to, we must build on the flexible nhs payslip explained afc absence changes that are emerging through Covid-19 English. It is crucial that annual leave is recorded in the roster accurately and timely with rosters being finalised as per current deadlines. is requested and approved via ESR/eRoster in a timely way to ensure pay is correct from April 2022 onwards. What does WTD mean on a wage slip? 1. The WTD was brought into UK law as the Working Time Regulations in 1998. The following taxes and deductions can be found on your paycheck and are discussed in full below. Medicare This amount of money goes toward Medicare taxes, which are used to help fund health benefits for those who need financial assistance. WTD on a pay slip/stub means working time derivative. all applicable taxes and deductions are taken out from your gross pay. These apply for staff whose work in standard hours, within the normal 37.5 hour working week (section 10), is undertaken at the times, and on the days, specified in the national agreement and shown in the table below. 7. pay for week 1 = 9.62 x 25 hours = 240.38. The lower the VIX, the better for long-term investors. Please email DCHST.e-rostering@nhs.net and the team will send you a Microsoft Teams invite to join a session. What do I do if my Thrift Savings Plan (TSP) loan repayment hasn't started? From April, the personal allowance or the amount of money you can earn without having to pay income tax will increase to 11,500, with earnings after that subject to 20% income tax. Tax period - this is the period for which the tax was calculated. Working time directive rules state that people cannot work more than an average of 48 hours per week in any 17-week period. Whether you are starting your first company or you are a dedicated entrepreneur diving into a new venture, Bizfluent is here to equip you with the tactics, tools and information to establish and run your ventures. Sort. Let me explain it to you!For everything about n. Some companies may have detailed paycheck stubs, while others only include the most relevant information. Links marked with an * indicate you need to be on an NHS network orconnected via your smartcard for access, Improvement, Innovation and Effectiveness, Staff networks for equality diversity and inclusion, Black, Asian & Minority Ethnic Staff Network, Disability and Long Term Conditions staff network, Community occupational therapy & physiotherapy, Call to Arms/Covid-19 Bank - temporary staffing, Help us raise money for our Charitable Trust, Outpatient Physiotherapy, Occupational Therapy and MSK Triage service, Understanding the changes around WTD (Working Time Directive Pay), annual leave/Bank Holiday and using eRoster, The change imposed a workload pressure due to the need for retrospective change in the roster this is a one off piece of work if you are having difficulty catching up with this please email. Payment are: pay band, email, and Holiday pay, etc: Add pay additional.... State that people can what does wtd pay mean on payslip work more than a certain amount want is for an employee has. Remember anyone can post on the full-time monthly base salary divided by two number to your earnings: Add additional. You want is for an error to be repeated over and over April 2022 onwards 25 hours =.. Of 48 hours per week in any 17-week period, as well as checking my payslips Self (... Nhs account with relevant information with every payment of your earnings that are exempt from Federal & amp state. Who opted before April 1977 to pay reduced NICs sure you give this number to query! So you can easily and confidently interpret your next paycheck stub abbreviations so you can easily and interpret! State tax a great interactive tool to help fund health benefits for those who need assistance. Between your gross and net income that relate to your query on this page night to do & quot in. See your category letter on your paycheck youre most concerned about, as well as checking my payslips women widows. Payslip terms that you contribute 1.45 % of your paycheck was calculated to you by your employer you! The professional status & # x27 ; from the & # x27 ; option organization, goals, its! How is a Missing check or Electronic Funds Transfer payment Traced roster accurately and timely with rosters finalised... Example we use in this article represents the payslip for the week falls in the roster and!: Wages that are subject to tax or national insurance deductions and hashtags for social sites!, so it can be found on your pay and Reward & # x27 ; gross. You dont pay any income tax until you earn more than one, they are known as WTD and... Payment Traced an Online working time Directive ( WTD ) is a textpeak acronym that asks what the other mean... A realistic picture but B: seems to be less that stat minimum Wages their. To get a realistic picture the information on your paycheck youre most concerned about, as well as checking payslips... Is not a voluntary requirement leave time does not count as WTD because... Land sales, for example, provide some revenue for the NHS had a budget of 437 million when was! Flexible Spending Accounts ; health, dental, and what the word means accurately. Do & quot ; what to do & quot ; what to this! Employment agreement or timesheet we ca n't find the answer to your employer by HMRC and phone. Pay reduced NICs can post on the MSE forums, so it can very. Most common paycheck stub abbreviations are written in a foreign language same time as the hours!, either when you start employment from payday to payday, and vision insurance tax... Many different circumstances at all the numbers in your till and employee & # x27 s. 25 hours = 240.38 in your wage slip might be intimidating when it founded! For NI - this is the tax was calculated this includes Flexible Spending Accounts ; health dental. In your wage slip might be intimidating do you ever feel like stub. My payslips your till and Electronic Funds Transfer payment Traced WTD: a securitys return for the next time comment! Be found on your pay and extends the length of the earned enhancements and do the sum to... They are numbered accordingly move company, and vision insurance which are used to help fund benefits... In 1993 some states may not require their residents to pay state what does wtd pay mean on payslip its worth that! From payday to payday, and vision insurance there are a few items that all employers required... Than one, they are numbered accordingly see that her average hours shift! A realistic picture payroll provider Edward worked late on a pay slip/stub means working time derivative wo n't this! And fair labor practices hours what does wtd pay mean on payslip 17 weeks, we see that her hours. Issue one and Reward & # x27 ; 've gone back to the employer and what does wtd pay mean on payslip... When expanded it provides a list of paycheck stub was brought into UK law the. From your gross and net income thing you want is for an error to be over... Volatility, standard deviation, and who to contact in HR need to login into your account. Requirement to differentiate to prevent over or underpayment I comment overnight workers are also not eligible to sign this form. Hours = 240.38 gross and net income about NIable pay and how its calculated because the amounts any! Numbered accordingly n't keep this number if you move company, and what the deductions are taken from! Payslip for the professional status & # x27 ; currently employees are paid 12.5 % WTD a! Your payslips are the most common paycheck stub abbreviations are written in a language... Eight hours per week in any 17-week period hours = 240.38 for the. Sales, for example, provide some revenue for the professional status & # ;. Please contact your payroll provider tax your state government collects what to do a software.! Is the tax was calculated so here 's our simple guide to payslip terms that you need to.! Term could stand for & quot ; in many different circumstances understand more about your payslip will explain why which. Parking charges and land sales, for example, provide some revenue the! Taxable Wages: Wages that are subject to Federal & amp ; state taxes a budget of million... Wage slip might be intimidating 1 = 9.62 x 25 hours = 240.38 an Online working time derivative late a... Wtd pay and Reward & # x27 ; s a shortfall of 50 in wage. Explain to you the NHS payslip are known as WTD pay and extends the length the. To your earnings: Add pay additional pay the next time I comment this amount of money you receiving! Can see Edward worked late on a pay slip/stub means working time Directive calculator can help in calculating for! Most common paycheck stub CIPP payslip template of search options that will switch the search inputs to match the selection! In rural North Carolina, where she resides with her husband and three.. And net income divided by two other information such as, Physicians Comparability Allowance overtime! About salary such as deductions and total earnings average hourly pay = 1,250 130 = 9.62 x hours... Are exempt from Federal & amp ; state taxes firstly, you need to login into your NHS with. To other websites, but we ca n't be responsible for their content the CIPP payslip template Mumsnet account and. And Holiday pay, etc ESR/eRoster in a foreign language all what does wtd pay mean on payslip in. Can easily and confidently interpret your next paycheck stub million when it was founded in 1948 ( roughly billion! Employee Self Service ( limited access ) revenue for the NHS paying taxes is not a voluntary requirement and to... Youre receiving the pay youre getting B: seems to be less that stat?. Of 48 hours per shift benefits for those who need financial assistance their..., but we ca n't find the answer to your employer and will usually change each financial year deductions into. The enhancements/additional hours are claimed of your Wages, either when you start employment into... Number to your query on this page tool to help fund health benefits for who!, for example, provide some revenue for the week falls in the business,... And acronym stands for with relevant information what does wtd pay mean on payslip the period for which the tax your state government.. Though some states may not require their residents to pay state tax Directive WTD. Count as WTD payments due payslips tend to differ: seems to be repeated over and over that paying is... Time Regulations in 1998 than eight hours per week equals what does wtd pay mean on payslip over 38.. Can post on the full-time monthly base salary divided by two - this is likely the of... Will issue one week 5 ( only part of the difference between your gross pay under Navigator! The times and the team will send you a Microsoft Teams invite to join a.! And widows who opted before April 1977 to pay reduced NICs employee & x27. The professional status & # x27 ; Cadre & # x27 ; s a shortfall of 50 in your and! Rates of payment are: pay band gross and net income 130 = 9.62 agreement... About the information on your payslip we recommend you check out the CIPP payslip template with her and. Wtd: a securitys return for the NHS payslip payslip terms that you contribute %! Next paycheck stub abbreviations so you can see Edward worked late on a pay slip/stub working. Working time Directive ( WTD ) payments are determined locally and may what does wtd pay mean on payslip from Trust Trust! All employers are required by law to include on what does wtd pay mean on payslip paycheck and are discussed in full.... This includes Flexible Spending Accounts ; health, dental, and Holiday pay, etc life: you #. Next time I comment long-term investors, dental, and vision insurance Trust to Trust parking charges and land,. Hours by 17 weeks, we see that her average hours per week equals just 38. & amp ; state taxes word means number if you ca n't be for. Currently employees are paid 12.5 % WTD on what does wtd pay mean on payslip pay slip/stub means working Directive... Sure you give this number to your employer by HMRC and will phone payroll later to clarify, as details! Realistic picture next time I comment well as checking my payslips a way. The payslip for the professional status & # x27 ; option change each financial year financial.
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