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The Oklahoma State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Oklahoma Tax Commission Withholding Tax Division 2501 Lincoln Blvd. Oklahoma City, OK 73194 (405) 521-3155 www.okt

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ax.state.ok.us/oktax/

Oklahoma allows you to use the Federal W-4 form to calculate state income tax withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

allows. In Oklahoma cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Oklahoma supplemental w

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ges are taxed at a 6.65% flat rate.

W-2s are not required in Oklahoma.

The Oklahoma State Unemployment Insurance Agency is:

Employment Security Commission Unemployment Insurance Division P.O. Box 52003 Oklahoma City, OK 73152 (405) 667-7

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

138 http://www.state.ok.us/~okdol/workcomp/index.htm

The State of Oklahoma taxable wage base for unemployment purposes is wages up to $14,300.00.

Oklahoma has optional reporting of quarterly wages on magnetic media.

Unemployment records must be re

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ained in Oklahoma for a minimum period of four years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

The Oklahoma State Agency charged with enforcing the state wage and hour laws is:

Department of Labor Wage and Hour Division 4001 North Lincoln Blvd. Oklahoma City, OK 73105-5212 (888) 269-5353 www.state.ok.us/~okdol/

The minimum wage

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

n Oklahoma is $5.15 per hour.

There is also no general provision in Oklahoma State Law covering paying overtime in a non-FLSA covered employer.

Oklahoma State new hire reporting requirements are that every employer must report every new hire and reh

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ire. The employer must report the federally required elements of:

Employee's name
date of hire
state of hire
Employee's address
Employee's social security number
Employer's name
Emp

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

oyers address

Employer's Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring. The information can be sent as a W4 or equivalent by mail, fax or electronically.

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

There is no penalty for a late report in Oklahoma.

The Oklahoma new hire-reporting agency can be reached at 800-317-3785 or on the web at http://www.ok.gov/oesc/

Oklahoma does not allow compulsory direct deposit

Oklahoma requires the following in

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

formation on an employee's pay stub:

itemized deductions

Oklahoma requires that employee be paid no less often than semimonthly; monthly for public sector, qualified nonprofit, and FLSA-exempt employees.

Oklahoma requires that the lag

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

time between the end of the pay period and the payment of wages to the employee not exceed eleven days.

Oklahoma payroll law requires that involuntarily terminated employees must be paid their final pay by next regular payday (by certified mail if em

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ployee requests) and that voluntarily terminated employees must be paid their final pay by the next regular payday or by mail if employee requests it.

Deceased employee's wages of $3,000 to the designated beneficiary, surviving spouse, children or gu

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rdians (in that order).

Escheat laws in Oklahoma require that unclaimed wages be paid over to the state after one year.

The employer is further required in Oklahoma to keep a record of the wages abandoned and turned over to the state for a period of

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

10 years.

Oklahoma payroll law mandates no more than 50% of minimum wage may be used as a tip credit.

In Oklahoma the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 1-hour rest period during 8-hour shift

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

30-minute rest period after 5 hours work.

There is no provision in Oklahoma law concerning record retention of wage and hour records therefor it is probably wise to follow FLSA guidelines.

The Oklahoma agency charged with enforcing Child Support

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Orders and laws is:

Child Support Enforcement Division Department of Human Services Capitol Station, Box 53552 Oklahoma City, OK 73152 (405) 522-5871 www.okdhs.org/childsupport/

Oklahoma has the following provisions for child support deduc

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ions:

When to start Withholding? Immediately after receipt of order.
When to send Payment? Within 7 days of Payday.
When to send Termination Notice? Within 10 days of termination.
Ma

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ximum Administrative Fee? $5 per payment; up to $10 per month.

Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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