payroll
Sign in to saveAlso known as pay roll
thumb|right|Handling payroll typically involves sending out payslips to employees. A payroll is a list of employees of a company who are entitled to compensation and other work benefits, along with the amounts each should receive. The term can also refer to a company's records of past employee payments, including wages, salaries, bonuses, and withheld taxes, or to the department responsible for managing compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company.
Wikidata facts
- Subclass of
- document
- Main subject
- tax
- Has use
- management accounting
Show 2 more facts
- topic's main category
- Category:Payroll
- Commons category
- Payroll
Sources (2)
via Wikidata · CC0
~8 min read
Encyclopedic overview
12 sectionsContents
- Frequency
- Components
- Gross pay
- Deductions
- Reimbursements
- Taxes
- Wage garnishments
- Net pay
- Outsourcing
- See also
- References
- External links
thumb|right|Handling payroll typically involves sending out payslips to employees. A payroll is a list of employees of a company who are entitled to compensation and other work benefits, along with the amounts each should receive. The term can also refer to a company's records of past employee payments, including wages, salaries, bonuses, and withheld taxes, or to the department responsible for managing compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company.
Payroll in the U.S. is subject to federal, state and local regulations including employee exemptions, record keeping, and tax requirements.
Excerpted from Wikipedia’s “payroll” article, available under the CC BY-SA 4.0 licence.