Saturday, April 6, 2019
Survey - Payroll Essay Example for Free
fall over Payroll EssayA1. The most important I acquire in this payroll accounting execute is that there can be different methods of calculating income taxes and other taxes, but the underlying idea is to legally tax the earner, according to their wage-level and family structure. The different taxing figures for weekly, biweekly, monthly, semi-annually and annually salaries gives a clear picture of the differences that cause been apply by the federal circuit board in taxing these different types of workers. Setting a standard across the board for taxing would pee led to injustices to at least a group of workers. Instead, the federal board has carefully revised the different types of workers and set up taxing brackets and percentages according to their need and ability.Also, I learned the feature that the way in which taxes are calculated is very personalized (according to your earning, marital status, allowances). It is the employers duty to meet the FICA taxes paid by the employee and contribute an equal amount to the state.There is another thing I would give care to add. Payroll Accounting is a very delicate job and one has to be very dexterous to handle it. Although formulae and calculations are what have ton be just implemented, the person handling these figures and data should have avid knowledge and in-depth detail of their subject before attempting to do the calculations and manipulations.A2. The forms were very easy to use, given the fact that they addressed merely what was required, nothing more or less. They were self-explanatory and there was no ambiguity at any column or cell. The website was very user-friendly. It had the clear explanation and information that enabled the user to navigate to exactly what they wanted. There were clear details on what was available and what it was used for so that the user did not have to waste time searching for what they wanted.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment