SOP: Calculate Deductions

  1. Identify Deductions: List all required deductions, such as taxes, insurance, and retirement contributions.
  2. Calculate Deductions: Use the payroll system to calculate the amounts to be deducted from each employee’s gross pay.
  3. Verify Deductions: Check the deductions for accuracy.
  4. Record Deductions: Enter the deduction amounts into the payroll system.