I. Three steps are required to determine how much to pay an employee for a pay LO2 Calculate employee earnings and deductions. period: A. B. C. II. Deductions from gross pay fall into three categories: 1 A. B. C. III. Four factors determine the amount to be withheld from an employee's gross pay each pay period: LO3 Describe and prepare payroll records. LO4 Account for employee earnings and deductions. I. Three steps are required to determine how much to pay an employee for a pay LO2 Calculate employee earnings and deductions. period: A. B. C. II. Deductions from gross pay fall into three categories: 1 A. B. C. III. Four factors determine the amount to be withheld from an employee's gross pay each pay period: LO3 Describe and prepare payroll records. LO4 Account for employee earnings and deductions