Which is the first critical path of payroll processing?
A.
Calculate Payroll
B.
Archive Periodic Payroll Results
C.
Electronic Funds Transfer (EFT) Process
D.
Calculate Prepayments
The Answer Is:
A
This question includes an explanation.
Explanation:
The first critical path of payroll processing is to calculate payroll. This involves calculating wages, deductions, and taxes for all employees in the system, taking into account any payroll rules, policies, or other regulations. After calculating payroll, the results can then be archived, payments can be made via Electronic Funds Transfer (EFT), and any prepayments can be calculated.