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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

How are the tax rates data and the employee/payroll master data used by the payroll process?

Summary Introduction

To explain: The use of tax rates data and the employee/payroll master data in the payroll process.

Introduction:

Human resource (HR) management and Payroll process:

Human resource management is about the basic human management functions in an organization and its associated activities. It also speaks about the relationship between human resource management activities and the payroll process. It also depicts the importance of HR activities in the decision making of the top management.

Explanation

The use of tax rates data and the employee/payroll master data in the payroll process:

The data maintenance process used the tax rates data in the payroll process. It is done to ensure that the current tax rates are taken into consideration while preparing the paychecks for the employees. The taxes are generally changed annually...

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