Answering 21 common payment questions American small businesses have

On the next slides, we are answering common payment questions American small businesses have.

Gross income is the amount of money an employee has earned before any deductions are removed.

What is gross income?

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What is net income?

Net income is what an employee receives after all deductions have been removed from their gross wages.

How frequently should I run payroll?

The most common payroll schedules are: – Weekly – Biweekly (every two weeks) – Semimonthly (twice per month on set days) – Monthly

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Outsourcing your payroll could save you a lot of time that you can then  devote to other parts of your business, but it comes with an additional  cost.

Can I do my business’ payroll?


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