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This includes accurately calculating and withholding taxes, adhering to minimum wage laws, and complying with overtime regulations. To ensure accuracy, HR payroll professionals must stay updated on changes in tax laws, labor regulations, and company policies.
A few common payroll policies include: Frequency of Paychecks : Confirm payment frequency (weekly, biweekly, monthly) matches your state’s payroll laws. Overtime Calculations : Ensure overtime is calculated accurately according to federal and state laws.
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