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What is the procedure of Preparation of payroll and wage calculation?
Wiki User
∙ 14y ago
What is the procedure of Preparation of payroll and wage calculation?
Wiki User
∙ 14y ago
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Low unemployment rates in the country employers offer higher wage to meet their higher payroll costs and maintain profits they charge consumers more for goods and services what are the consequences?
a wage price spiral of ever-increasing prices
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
What are the characteristics of sound incentive plan?
The characteristics of sound incentive wage plan are stated below:1. Approval of Management, Workers and Trade Union: All the interested parties must accept, support and co-operate in the incentive plan. In the absence of employee support, the programme of incentive will fail.2. Work Standard: The standard upon which wage incentive is based should be fixed through careful work measurement devices, e.g., time and motion studies, work sampling.3. Guaranteed Base Wage: Normally the base rate is determined by job evaluation. The employee should be dropped due to the circumstances beyond his control and there must be security of income.4. No Unwarranted Rate Cutting: The work standard or quota, in time or money per unit, must be guaranteed by management against unilateral and unwarranted rate cutting.5. Easy Calculation of Earnings: Complexity is one of the basic drawbacks of many incentive plans. Management should try to simplify it as for as possible.6. Grievance procedure: An incentive plan of wage payment should have effective grievance procedure to deal with complaints and dissatisfaction ventilated by employees
What is the efficiency wage model?
efficiency wage
What is relative wage?
Relative wage is the wage that is comparable for a certain type of job. It will not necessarily tell you wage rate but the range that you should look for that type of job.
What is the procedures of preparation of payroll and wage calculations?
What is the procedure of Preparation of payroll and wage calculation?
Is wage sheet prepared by payroll department?
no
What is payroll?
A Wage or monetary compensation paid to an employee for the service rendered by him is called PAYROLL
Payroll entries are made with data from the?
Wage and Tax Statement
Math formula for a payroll check?
Hours x Wage
How is Medicare part a funded?
Through premiums and a payroll tax on wage earners and their employers.
What is the definition of a payroll?
A payroll is a list of people that you employ who you pay a wage or salary for the work they do for your company. This also includes details of any deductions taken from their wages weither statutory or voluntary.
Where can a wage calculator be sought?
One may find a wage calculator at retailers who sells products for payroll. The Adp online may have a calculator as well as The Salary Calculator in the UK.
What is the Methodology of payroll system?
The methodology of a payroll system is that each individual is getting paid a standard wage for the same type of work they might do for a company. The payroll system also ensures that taxes are paid on time and employees are paid in a timely fashion.
What is a tax on what people earn?
Depending on how broad your interpretation of "earn" is, it can be a wage tax, a payroll tax, or an income tax.
What taxes are taken out for a 17 year old earning minimum wage?
You should get this information from your employer payroll department.
What services are offered by the company 'Payroll Systems LLC'?
Payroll Systems LLC offer a payroll service to small and medium companies. They will offer an automated service that will take care of salary payments, wage deductions and provide an individual record for each employee.
