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3 after setting up a new employees in the employee list. you want to prepare a...

3 after setting up a new employees in the employee list. you want to prepare a paycheck for the empoyee. describe the steps to pay an employee?.

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Answer #1
  1. Step 1: Establish your employer identification number. ...
  2. Step 2: Collect relevant employee tax information. ...
  3. Step 3: Choose a payroll schedule. ...
  4. Step 4: Calculate gross pay. ...
  5. Step 5: Determine each employee's deductions. ...
  6. Step 6: Calculate net pay and pay your employees. ...
  7. Step 7: Keep payroll records and adjust to mistakes.

  8. Step 8: Other considerations

    Keep in mind that you have to file your business's taxes on a quarterly and annual basis. It's important to consult with an accountant to understand how your payroll taxes fit into this aspect of your operations. These are the steps involved inorder to pay an employee...

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