How do you process the payroll in a company?

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To process payroll, a company starts by collecting employee hours and salary details, then calculates gross pay. It deducts taxes, benefits, and any holdings to determine net pay. Payments are then issued via direct deposit or checks. The employer must also handle tax filings, submit payroll taxes to the government, and keep detailed records. Using payroll software or services streamlines the process and ensures compliance. Accurate payroll processing builds trust and supports business credibility.