Choose a company, and research the details of their payroll system. Write a 500 - 1000 word analysis of the system, with emphasis on the following points:
Name of the Company/Industry
List of the Officers/Executive Management
Payroll Operations (including Time & Labor)/Payroll Process
Establishment of Payroll, when created
As you conduct your research, consider and provide answers for the following:
Describe what is Payroll and the Payroll System.
Define the concept of payroll and explain the process.
Describe factors affecting take home pay such as tax withholdings, benefits and payroll deductions.
How payroll is calculated by Wages and Salaries?
Describe payroll deductions and their tax rates.
When is payroll paid, how often, what are the responsibilities of the clerks, supervisors, managers and CFO?
Locate a copy of the payroll flowchart.
Is payroll process in house by employees or third party companies such as ADP, PAYCHEK? Why?
Your paper should be formatted as follows:
Times New Roman 12pt font
APA Style (see APA example)
Reference page in APA formatting
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