Payroll processing requires an EIN, pay schedule, gross pay calculation, deduction management, and tax withholding. Follow these steps to run payroll.

It's important to keep track of how much you've earned throughout the tax year. Here's how net pay works and its difference from gross pay.

Calculating gross wages is the first step to paying employees correctly and keeping accurate payroll records. Learn about the process with this guide. Gross wages sounds like a simple concept. It’s ...

How does my employer know exactly how much tax to deduct from my paycheck?<P>I am fully aware of the IRS tax tables, however, without doing all the calculating by hand, how does the payroll dept. know ...

Gross pay is the amount of money you earn before any payroll deductions are taken out of your paycheck. In contrast, your net pay is the amount of money you take home after deductions like taxes, ...