what factors should be considered in outsourcing payroll to a payroll service bureau?
Answers
When considering outsourcing payroll to a payroll service bureau, several factors must be taken into consideration. Payroll is a critical operation for any company, and it must be handled properly to avoid mistakes and ensure regulatory compliance.
Outsourcing payroll to a payroll service bureau can provide benefits such as cost savings, enhanced data security, and the ability to focus on core business activities.
However, before outsourcing payroll, the following factors must be considered: Company size: Small companies may not have the financial resources to run a full-time payroll department or employ a payroll specialist.
Outsourcing payroll can be a cost-effective way to ensure payroll compliance without investing in expensive in-house staff or software. Complexity of payroll processing: Some companies have complex payroll requirements, including tax withholding, multiple locations, or union pay rates.
If your company has complex payroll needs, outsourcing payroll to an experienced payroll service bureau can provide more accurate and efficient payroll processing.
Data Security: Payroll involves sensitive data such as social security numbers, tax information, and salary data. You will need to find a payroll service bureau that can ensure data security and has policies and procedures in place to prevent data breaches.
Cost: Outsourcing payroll can save money in the long run, but there may be significant upfront costs, such as fees for implementation and training. You will need to compare the costs of outsourcing payroll with the costs of keeping payroll in-house.
Compliance: Payroll must comply with a wide range of regulations, including tax laws, minimum wage laws, and labor laws. A payroll service bureau can ensure compliance with all of these regulations and keep your company up-to-date with changes in the law.
To know more about payroll. please visit...
brainly.com/question/28257212
#SPJ11
Related Questions
58:50
Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for
$46 and is offering a $10 off coupon. The sales tax is 6% on either purchase. If Shona only has $40 to spend, which
store will she purchase the rug from, and how much will she have left over?
Answers
Answer:
Shona can afford the rug in store B. She will have $1.84 left over.
Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
Find out more on price elasticity of demand at https://brainly.com/question/5078326.
#SPJ2
with regard to expectancy theory, which of the following describes the degree to which the individual believes that performing at a particular level will lead to the attainment of a desired outcome?
Answers
Expectancy theory is a motivation theory used in the workplace that suggests that people are motivated by the belief that their hard work will lead to higher performance, and higher performance will result in better rewards.
This theory is based on three key components: expectancy, instrumentality, and valence. In this question, we are concerned with the concept of expectancy, which is the degree to which an individual believes that performing at a certain level will result in the desired outcome. This means that the individual must believe that their actions can influence the outcome in a positive manner.
Expectancy theory helps explain how individuals make decisions and what factors motivate them. The main idea is that individuals will choose to engage in a behavior if they believe that their actions will lead to the desired outcome. Therefore, expectancy is critical in determining motivation because if the individual does not believe that their actions will lead to the desired outcome, then they will not be motivated to perform at a high level.
In other words, the degree of expectancy determines how motivated an individual is to achieve their goals.
To know more about motivation visit :
https://brainly.com/question/29098027
#SPJ11
Dave wants to buy a bike for $180. He has $40. Dave mows lawns for $10 per lawn.
Answers
Answer:
He needs to mow 14 lawns.
Explanation:
Answer:
if the question is to find out how much more money he needs the answer is $140. If the question is to see how many lawns he needs to mow the answer is 14 lawns.
Explanation:
For the following questions, assume the normal case that coupon payments are semi-annual. a. What is the yield to maturity on a 10-year, 6.4% coupon bond if the bond is currently selling for $1,000? b. For the bond above, suppose that immediately after purchase market rates change to 2.40%. If you hold the bond for 4 years and then sell it, what is your effective annual return on this investment? a. The YTM is% (enter response rounded to decimal places; i.e., x.xx%) b. Your effective annual return is % (enter response rounded to decimal places; i.e., x.xx%)
Answers
a. To calculate the yield to maturity (YTM) on a bond, we need to use the present value formula and solve for the discount rate (YTM) that makes the present value of the bond's cash flows equal to its current market price.
Given: Coupon rate = 6.4% (annual coupon payment = 0.064 * $1,000 = $64) Maturity = 10 years Current market price = $1,000 Using a financial calculator or spreadsheet, we can solve for the YTM, which represents the annualized yield on the bond. The YTM for the bond is 6.4% (enter as 0.064). b. To calculate the effective annual return, we need to consider the changes in market rates and the remaining cash flows of the bond. Since market rates have changed to 2.40%, the value of the bond will be affected. We can calculate the value of the bond after 4 years using the new market rate. Given: Remaining years to maturity = 6 years (10 years - 4 years) New market rate = 2.40% Using the present value formula, we can calculate the value of the bond after 4 years using the new market rate. Then, we can determine the effective annual return by comparing the total return to the initial investment. The effective annual return is the annualized rate of return that takes into account the compounding effect over the holding period.
To learn more about market, https://brainly.com/question/14418904
#SPJ11
what type of group rating do the blue cross and blue shield organizations use as a factor in developing the rates to be charged?
Answers
The Blue Cross and Blue Shield organizations use experience rating as a factor in developing the rates to be charged.
What is experience rating?Experience rating is a method of developing insurance premiums in which an employer's claims history is compared to that of other businesses of similar size and type.
Experience rating's aim is to motivate employers to minimize injury, disability, and illness losses. To this end, companies that are more successful in managing their claims receive a reduced insurance premium, while those that are less successful pay a higher premium.
Experience rating helps businesses in two ways.
First, by rewarding businesses that have low claim rates with reduced insurance premiums, it provides a financial incentive to be more attentive to safety and to prevent accidents. Second, it assists employers in forecasting and planning for the cost of insurance and for the possibility of future accidents.The goal of experience rating is to create a more equitable allocation of insurance premiums across all companies in a certain sector.Experience rating is used for both workers' compensation insurance and health insurance by many businesses.
Learn more about experience rating at
https://brainly.com/question/29572001
#SPJ11
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
Answers
Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answers
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answers
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
which of these managerial actions is a concurrent mechanism that should deter employee theft
Answers
One of the concurrent mechanisms that should deter employee theft is implementing strong internal controls.
What are internal controls?Internal controls are procedures and policies put in place by management to safeguard company assets and prevent fraudulent activity.
These controls can include segregation of duties, regular audits, and monitoring employee behavior.
By having a system of checks and balances, employees are less likely to attempt theft as the risk of getting caught is high. Additionally, management can use incentives and promotions to reward employees who exhibit ethical behavior and report suspicious activity.
This can create a culture of honesty and integrity within the organization, further deterring employee theft.
To know more about concurrent mechanisms visit:
https://brainly.com/question/31993493
#SPJ11
Career connection Follow the instructions and record your work in the
Answers
Make your interview as strong as you can because it could mean the difference between landing your ideal job or not.
What is Career connection ?It is extremely valuable to seek the advice of an industry mentor, leader, or seasoned professional because you will not only learn about the person's specific job but also about the industry as a whole, how they got to where they are in the field, whether you would enjoy their work, and how to structure your own career goals from an industry expert.
Send a request for an informative interview through email or phone to the person's workplace to arrange a non-formal interview regarding their position.
Learn more about career connection here
https://brainly.com/question/24693897
#SPJ1
You have just bought a lot of software for your new business. It is accounting software, anti-virus software, office software and human resource software, you expect to have your business up and running in the next month. All software was bough standard, off the shelf. While referring to BOTH Nick Carr and Michael Porter explain what their thoughts might be regarding whether this software gives your business a competitive advantage.
Answers
Nick Carr, known for his argument on "IT Doesn't Matter," suggests that information technology, including software, has become commoditized and widely available to all businesses.
According to Carr, using standard, off-the-shelf software does not provide a significant competitive advantage since it is easily accessible to competitors as well. He believes that technology investments should be focused on efficiency and cost reduction rather than seeking a competitive edge.
Michael Porter, a renowned strategist, emphasizes the importance of creating a competitive advantage through differentiation or cost leadership.
Learn more about technologies, here:
https://brainly.com/question/9171028
#SPJ4
rebel purchases a house for $52,000. rebel converts the property to rental property when the fair market value is $115,000. after deducting depreciation (cost recovery) expense of $1,130, rebel sells the house for $120,000. what is the recognized gain or loss?
Answers
The difference between the amount received on the sale and your tax basis in the property is the gain or loss. Generally, the tax rate on the capital gain will be 0%, 15%, or 20% with a 3.8% surtax for those with higher incomes.
What are the gain and loss in rental property?A single-family home or a condominium is typically the ideal investment property for novices. Since the condo organization handles outside upkeep, you only need to bother with the interior, making condos low maintenance.
Therefore, Homes bought by an investor and leased to tenants under some other form of rental agreement are referred to as residential rental property.
Learn more about rental property here:
https://brainly.com/question/29344925
#SPJ1
1. A differentiation strategy works best when a
A. firm has tangible resources, its focus of competition shifts to price, and equivalent substitutes are readily available.
B. firm's focus of competition shifts to price, and when increasing differentiation of product features do not create additional value.
C. firm's differentiated products are commoditized, and costs of providing uniqueness do not rise above the customer's willingness to pay.
D. firm has intangible resources, is able to pass on increases in supplier cost to the customer, and its differentiation appeal creates customer loyalty.
2. In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity?
A. an increase in its financial resources
B. an increase in its brand equity
C. an increase in its customers' disposable income
D. an increase in its employee productivity
3. In the context of the SWOT matrix, which of the following best exemplifies a firm's internal strength?
A. increase in a firm's customer loyalty
B. growth in the size of the market in which a firm operates
C. rise in the income of the demographic segment to which a firm caters
D. loss of a competitor's reputation
Answers
name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answers
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
assume that big chicken grower (bcg) is sued in a court of equity and the court issues a temporary injunction against bcg to prevent it from discharging waste water from its processing plant into the local river. this temporary injunction is an example of a (n) .
Answers
This interlocutory decree is an illustration of a temporary injunction.
A judicial ruling that is not final or that deals with a matter unrelated to the main issue in the current debate is known as an interlocutory decree.
For instance, a judicial judgement declaring the parties' divorce provisionally.
But deferring the dissolution of the marriage until a specific time period is known as an interlocutory decree of divorce in the United States or a decree nisi in England.
In order to prevent hasty and simple divorce, promote reconciliation, and allow the court to oversee the arrangements to be made for the couple's children, such a period of time is required.
To know more about the Interlocutory decree visit:
https://brainly.com/question/24173856
#SPJ4
in what ways did the manorial system promote group cooperation
Answers
The manorial system promoted group cooperation through several ways. In the Middle Ages, the manorial system was a system of land ownership and labor that was prevalent in Europe.
It was a hierarchical social structure that was based on land ownership and was prevalent in rural areas.The lord of the manor had control over the land, and the serfs, or peasants, worked the land. This system created a sense of community among the peasants, as they had to work together to farm the land.Long answer:The ways in which the manorial system promoted group cooperation are:1. Shared laborThe manorial system required all the peasants to work together to farm the land. They had to work together to plow the fields, plant the crops, and harvest the crops. This required a high level of cooperation among the peasants.
They had to work together to ensure that the crops were planted and harvested on time. This shared labor created a sense of community among the peasants.2. Mutual AidThe peasants were required to help each other in times of need. If a peasant was ill, the other peasants would help him or her with the farm work. If a peasant needed help with his or her home, the other peasants would help him or her with the construction. This mutual aid helped to create a sense of community among the peasants.3. Collective ResponsibilityThe manorial system required all the peasants to share the responsibility for the land.
To know more about cooperation visit:
https://brainly.com/question/33207416
#SPJ11
1. What is the role of an ergonomist? 2. List 4 ways in which heart rate can be measured. I 3. Discuss what percentage of the employees you would exclude from a manual material handling job 4. Describe how are accurate machine, tools and interchangeable parts related. 5. What can you use as an index of mental load? Why?
Answers
1. An ergonomist plays a crucial role in designing and improving systems, products, and environments to enhance human performance and well-being.
2. Heart rate can be measured through various methods, including pulse palpation, heart rate monitors, electrocardiograms (ECG/EKG), and photoplethysmography (PPG).
3. It depends on various factors, such as their physical capabilities, training, and the specific requirements of the job.
4. As they contribute to efficient and precise manufacturing processes.
5. The index of mental load refers to a measure or assessment of the cognitive demands placed on individuals during a task.
1. An ergonomist is a professional who focuses on optimizing the interaction between people and their work environment. Their role involves assessing and addressing factors such as physical ergonomics (e.g., workstation design, equipment layout), cognitive ergonomics (e.g., task complexity, decision-making processes), and organizational ergonomics to enhance human performance, safety, and well-being.
2. a) Pulse palpation: This involves manually feeling the pulse at certain points in the body (e.g., wrist, neck) to count the number of beats per minute.
b) Heart rate monitors: These wearable devices use sensors to track heart rate continuously, providing real-time data.
c) Electrocardiograms (ECG/EKG): These medical devices record the electrical activity of the heart and can be used to measure heart rate accurately.
d) Photoplethysmography (PPG): This non-invasive technique uses light to measure blood volume changes in peripheral tissues, providing an indirect estimation of heart rate.
3. It is crucial to assess each individual's physical fitness, considering factors such as strength, endurance, flexibility, and any pre-existing medical conditions. The goal is to ensure that employees can safely perform the tasks without excessive risk of injury.
4. Accurate machines, tools, and interchangeable parts are interrelated in manufacturing processes. Accurate machines and tools are essential for maintaining precision and consistency in production. They ensure that measurements, cuts, and operations are performed with high accuracy, reducing errors and improving product quality.
5. The index of mental load serves as an indicator of the cognitive demands imposed on individuals during a task. It helps evaluate the mental workload experienced by individuals and assesses factors such as attention, memory, decision-making, and information processing.
Learn more about Electrocardiograms here:
https://brainly.com/question/28163596
#SPJ11
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answers
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
Im confused i need help
Answers
Answer:
don't answer it because it doesn't apply to you yet
Explanation:
The official unemployment rate reported by the government may tend to understate the amount of unemployment because it: includes discouraged workers. excludes teenagers. includes people over 65 who aren't retired. excludes discouraged workers.
Answers
The official unemployment rate reported by the government may tend to understate the amount of unemployment because it excludes discouraged workers. These are individuals who have stopped actively seeking employment due to a lack of available jobs or other reasons.
Additionally, the official rate excludes teenagers, who may be seeking employment but may not be eligible for unemployment benefits due to lack of work experience or educational qualifications. However, it includes people over 65 who aren't retired, which can inflate the number of employed individuals if they are still working despite being of retirement age. Overall, the official unemployment rate should be viewed as a starting point for understanding the state of the job market and should be supplemented by other measures and data sources.
To know more about unemployment visit:
https://brainly.com/question/14227610
#SPJ11
Topic: Consolidated worksheet, consolidated financial statements. Task Details: Consolidation worksheet entries, consolidated financial statements. Jonathan Ltd acquired all the issued shares (ex-div.) of Thomas Ltd on 1 July 2020 for $246000. At this date the equity of Thomas Ltd consisted of: At the acquisition date all the identifiable assets and liabilities of Thomas Ltd consisted of: The inventories were all sold by 30 June 2020. The land was sold on 1 February 2021 for $150000. The plant was considered to have a further 5-year life. The plant was sold for $155000 on 1 January 2022. Also, at acquisition date Thomas Ltd had recorded a dividend payable of $7000 and goodwill (net of accumulated impairment losses of $13000 ) of $5000. Thomas Ltd had not recorded some internally generated brands that Jonathan Lid considered to have a fair value of $12000. The brand was considered to have an indefinite life. Also, not recorded by Thomas Ltd was a contingent liability relating to a current court case in which Thomas Ltd was involved and a supplier was seeking compensation. Jonathan Ltd placed a fair value of $15000 on this liability. This court case was settled in May 2022 at which time Thomas Lid was required to pay damages of $16000. In February 2021. Thomas Ltd transferred $20000 from the general reserve on hand at 1 July 2020 to retained earnings. A further $15000 was transferred in February 2022. Both companies have an equity account entitted 'Other components of equity' to which certain gains and losses from financial assets are taken. At 1 July 2021, the balances of these accounts were $30000 (Jonathan Ltd) and $15000 (Thomas Ltd). The financial statements of the two companies on 30 June 2022 contained the following information:
Answers
The consolidated worksheet entries and adjustments for the acquisition of Thomas Ltd by Jonathan Ltd need to be made to prepare the consolidated financial statements.
To prepare consolidated financial statements, the acquisition of Thomas Ltd by Jonathan Ltd needs to be accounted for.
This involves making various adjustments and entries in the consolidation worksheet. These adjustments include eliminating the equity of Thomas Ltd, recognizing the fair value of assets and liabilities, adjusting for the sale of inventories and land, recognizing the impairment of goodwill, recording the fair value of internally generated brands, accounting for the contingent liability and subsequent settlement, and considering transfers between reserves.
These entries and adjustments ensure that the consolidated financial statements reflect the combined financial position, performance, and cash flows of both companies as if they were a single entity.
learn more about liability here:
https://brainly.com/question/28391469
#SPJ11
Getting products to consumers when and where they are wanted is critical to market success. Many times it is the responsibility of:
Answers
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
To know more about social responsibility, click here.
https://brainly.com/question/24176816
#SPJ1
What
is defined as a capital asset?
Answers
An item that you own for investments or personal purposes
Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:
Answers
What would help a company reduce the risk of developing products for which there is little or no demand?.
Answers
Integrating R&D and marketing department would help a company reduce the risk of developing products for which there is little or no demand.
What kind of relationship does R&D and marketing have?Integration enables the sharing of current market data between the marketing and R&D departments. In order to develop products that are viable and increase market share while lowering the risk associated with launching a new product, R&D departments can consider the needs of their customers.
What part does R&D play in developing a marketing strategy and putting it into action?Research and development (R&D) is the process of creating new, better products and services that address the needs of your target market and customers. The likelihood of success is higher for companies with an R&D plan than without one.
To know more about R&D in marketing visit:
https://brainly.com/question/15707263
#SPJ4
How old will someone who graduated high school at 18 be until they get a Masters Degree in civil engineerings ?
Answers
Answer:22 years
Explanation:
Cook security systems has a $37,500 line of credit, which charges an annual percentage rate of prime rate plus 4%. The starting balance on october 1 was $9,300. On october 4 they made a payment of $1,800. On october 13 the business borrowed $2,100, and on october 19 they borrowed $4,600. If the current prime rate is 6%, what is the new balance (in $)? (round your answer to the nearest cent. )
Answers
To calculate the new balance, we need to consider the starting balance, payments made, and borrowings, taking into account the prime rate plus 4% interest.
Starting balance on October 1: $9,300
Payment made on October 4: $1,800
Borrowing on October 13: $2,100
Borrowing on October 19: $4,600
Prime rate: 6%
Annual percentage rate (APR): Prime rate + 4% = 6% + 4% = 10%
First, let's calculate the interest accrued on the starting balance for the given period.
Interest accrued = Starting balance * (APR / 365) * Number of days
Number of days from October 1 to October 4: 4 days
Number of days from October 4 to October 13: 9 days
Number of days from October 13 to October 19: 6 days
Interest accrued on the starting balance:
= $9,300 * (0.10 / 365) * (4 + 9 + 6)
≈ $8.35
Now, let's calculate the total borrowed amount:
Total borrowed amount = Borrowing on October 13 + Borrowing on October 19
= $2,100 + $4,600
= $6,700
Finally, let's calculate the new balance:
New balance = Starting balance + Interest accrued + Total borrowed amount - Payment made
= $9,300 + $8.35 + $6,700 - $1,800
≈ $14,208.35
Therefore, the new balance is approximately $14,208.35.
Learn more about total borrowed amount here:
https://brainly.com/question/11435067
#SPJ11