Payroll

What is Payroll?

Payroll is the aggregate expenditure on wages and salaries incurred by a business in an accounting period. It can also refer to a listing of employees giving details of their pay.

Payroll includes the gross pay due to the employee and employer taxes.

The gross pay is divided into net pay actually received by the employee and deductions made from the gross pay for employee taxes and other deductions such as pension contributions.

For further information on Payroll see the Wikipedia definition.

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Payroll March 23rd, 2016Team

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