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DoD Financial Management RegulationVolume 8, Chapter 2 August 1999 CHAPTER 2TIME AND ATTENDANCE0201INTRODUCTION020101. Objective. The payroll functional objective for time and attendance is to ensure
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Form payroll functional objective is a document used to report the income and deductions for employees' payroll.
Employers are required to file form payroll functional objective for each employee.
Form payroll functional objective can be filled out by entering the relevant income and deduction information for each employee in the designated fields.
The purpose of form payroll functional objective is to accurately report the income and deductions for each employee in order to calculate the correct amount of taxes owed by the employee.
Information such as employee's gross pay, deductions for taxes and benefits, and net pay must be reported on form payroll functional objective.
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