Define payroll accounting, Basic Statistics

It's a fact of business–if an organization has workers, it has to account for paycheck and edge advantages.

In this description of paycheck bookkeeping we'll present paycheck, edge advantages, and the payroll-related records that a common organization will review on its earnings declaration and stability piece. Payroll and advantages include products such as:

Salaries

Wages

Bonuses & income to employees

Overtime pay

Payroll taxation and costs

Social Security

Medicare

Federal earnings tax

State earnings tax

State lack of employment tax

Federal lack of employment tax

Worker settlement insurance

Employer paid benefits

Holidays

Vacations

Sick days

Insurance (health, oral, perspective, life, disability)

Retirement plans

Profit-sharing plans

Many of these products are topic to condition and government laws; some include work agreements or organization plans.

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Posted Date: 3/31/2012 3:51:25 AM | Location : United States







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