InstituteCompensationCompliance and Exceptions (Level 2)PayrollAssociate Benefits & CompensationCompensationUSAEnglishAnalysisFocus AreaSocial SecurityHuman Resources
Payroll
['Compensation']

- Payroll is a complex process requiring many different computations to figure out an employee’s correct pay.
Issuing employee payroll checks is a complex task that should only be performed by experienced payroll administrators who have had extensive training. Some of the computations involved in cutting paychecks include: figuring gross earnings, calculating wages for complying with federal and state tax codes, determining Social Security and Medicare taxes, figuring withholding for supplemental wages, and calculating and withholding deductions for both voluntary and involuntary payments and contributions. Doing all of this generates reams of data.