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Payroll is the process in which employees get paid by their employer equivalent to their work done. Every business should have a payroll system especially those bigger companies. This system will allow business owners to automatically take taxes from the paycheck while making sure that the data input is accurate and reliable. This also ensures that these taxes will go to correct government agencies.
This system organizes the information and the tasks of employee payment and tax filing. It also includes tracking of work hours, calculations of salaries, withholding of taxes and deductions, and paying checks to the government.
One of the problems that resulted in the creation of this kind of systems is the inconsistency of human calculations especially with such large data inputs. This system ensures that this problem will be solved. The operation of the system is simple. The employer will have minimal input on the system, only the employer information and all of the computations regarding the pay will be calculated by the system.
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