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Payroll Clerk

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AVG. SALARY

$45,010

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Decreasing

Real-Life Activities

Real-Life Communication -- Solution

You are a payroll officer that works for an off-site payroll administration company. One of the partners in a company where you are about to start working wants to know why your services are needed. This is how you answer her questions:

1. What are two benefits of direct deposit?

It is less of a hassle for employees who would otherwise have to visit the bank, and it is less expensive than writing checks to each employee.

2. What can happen when tax deadlines are missed?

You may have to pay penalties and pay interest on the money owing.

3. Will it cost our employees to call and ask you questions?

There is no charge for employees who want information regarding their paychecks.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.