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Week 1 Developing a Business Plan 1. Introduction What is a business plan? A business plan is like a map for your business. It helps you know where youre going and how to get there.2. Developing Your
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Week 1 refers to the initial phase of a payroll period where employers need to collect and report employee hours and wages for payroll processing.
Employers who pay their employees are required to file for week 1, regardless of the number of employees.
To fill out week 1, employers should gather employee time cards, calculate total hours worked, and complete the payroll reporting forms according to the guidelines provided.
The purpose of week 1 is to ensure accurate payroll reporting, tax calculations, and compliance with labor laws.
Employers must report employee names, Social Security numbers, total hours worked, wages earned, and any deductions.
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