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A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.
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A 7-Eleven 7 cafe concept store in Bandar Puteri Puchong, Selangor, Malaysia. Malaysian 7-Eleven stores are owned by 7-Eleven Malaysia Sdn. Bhd., [78] which operates 3,225 stores nationwide. 7-Eleven in Malaysia was incorporated on June 4, 1984, [78] as a joint veture of Jardine Matheson, Innovest and Antah Holdings group. [79]
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Payroll bureaus also produce reports for the businesses' account department and payslips for the employees and can also make the payments to the employees if required. As of 6 April 2016, umbrella companies are no longer able to offset travel and subsistence expenses and if they do, they will be deemed liable to reimburse HMRC any tax relief ...
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The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from human resources and timekeeping modules to calculate automatic deposit and manual cheque writing capabilities.
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