Payroll – How to Calculate Net and Gross Pay Certification

Good payroll management is key to the running of a business. Fortunately, this is a relatively simple matter now that we have software packages able to calculate tax, National Insurance contributions, and other deductions that need to be taken off an employee’s payslip.

However, it is still essential that you understand the basic concepts underlying these calculations. In this course, you will learn the differences between net and gross pay.

 

You will learn:

  • What is meant by the term “gross pay” and how it is calculated
  • What is meant by the term “net pay” and how it is calculated
  • The most common types of deductions displayed on a payslip
  • Why a high-quality payroll package is an essential business tool
  • When you should consider manually checking your payroll figures

 

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Duration 0.75 hours
Modules 5
Certificate of completion
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