What is payroll? The complete guide to small business payroll
They are in accordance with US federal legislation and may vary from state to state. After processing the payroll, you must pay your employees and submit withheld funds to third parties according to the appropriate deadlines. For example, you’d use a manual entry if you recently promoted what are payroll expenses an employee or let someone go. As usual, the state minimum wage varies widely—ranging from the federal $7.25 all the way up to $14 an hour. Several cities...