What is the procedure of Preparation of payroll and wage calculation?
What is the procedure of Preparation of payroll and wage calculation?
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A Wage or monetary compensation paid to an employee for the service rendered by him is called PAYROLL
Wage and Tax Statement
Hours x Wage
Through premiums and a payroll tax on wage earners and their employers.
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.
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.
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.
Depending on how broad your interpretation of "earn" is, it can be a wage tax, a payroll tax, or an income tax.
You should get this information from your employer payroll department.
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.