Question

What are the main elements of Payroll Calculation (any six)?​

Answer 1

Question:

• What are the main elements of Payroll Calculation (any six)?

Answer:

• Payroll considerations include salary, income tax withholding, social security withholding, payroll tax, and benefits in kind. These components affect both the employer in terms of the net cost of the assignment, as well as the employee, whose total compensation package can be affected by host country laws.

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