Question 2 (Optional). If your business has one or more employees, you should have a payroll system in place. An automatic payroll process helps you comply with legal and tax requirements and simplifies the process of paying your employees. The term payroll encompasses every employee who receives a regular wage or other compensation. The different payment methods are calculated by a payroll specialist and the appropriate paycheques are issued. These explanations are not sufficient enough to define and discuss a Payroll system. Answer the following questions to support the above discussion: a) What is the difference between Integrated payroll management and Dedicated payroll management software? (15 Marks) b) Why do companies need payroll software? (5 Marks) c) Is a Payroll System an ERP? Support your answer (5 Marks) [Total: 25 Marks) 1