Which of the following statements concerning payroll is TRUE?
A) Payroll is a straightforward process of distributing wages to employees.
B) Payroll processing occurs at third-party vendors so it is not under control of the company.
C) Payroll and HR data remain separate to allow for data control via duplication.
D) Payroll is not as straightforward as simply distributing the hourly rate or annual salary to employees.

Question

Quizplus · Accepted Answer

Payroll involves various complex tasks beyond just distributing wages, such as calculating deductions, taxes, and benefits, ensuring compliance with legal requirements, and managing records. It's not merely about multiplying hours worked by an hourly rate or dividing an annual salary by the number of pay periods.

Which of the Following Statements Concerning Payroll Is TRUE