payroll

Employee wage list

Payroll is the list of employees a company pays, or the total amount paid to them: The company has five hundred workers on its payroll.

It also refers to the process of calculating and distributing wages: She works in payroll.

To make payroll is to have enough money to pay employees—a basic measure of business solvency.

compensation

salary

Fixed periodic employment payment

incentives · severance · tips · gratuity · retainer

deductions

withholding

Keeping from another

  • FICAFederal wage withholding law
  • 401kEmployer-sponsored retirement savings
  • pensionRetiree's ongoing benefit

garnishments · alimony · pre-tax · post-tax · FSA

taxes

W-2

Employer-issued tax form

  • W-4Employee tax withholding certificate
  • 1099Non-employee income document
  • year-endLate December period

EIN

accounting

bookkeeping

Recording financial transactions systematically

auditing · accruals · adjustments · posting

processing

paystubs

Itemized earnings records

QuickBooks

workforce

employees

Paid staff members

part-time · salaried · headcount · FTE · temporary · seasonal · exempt · non-exempt · freelancers

benefits

healthcare

Organized provision of treatment

retirement · pension · PTO

Categories
Opposites
cash flow direction

payrollrevenue

Business income total

income · sales · receipts · accounts receivable · earnings

expense vs. income

payrollreturns

Profits from investments

bills · gains · earnings · profit · gross revenue

employment status

payrollunemployment

Being without paid work

layoff · termination · off the books · volunteer work · unpaid labor

Phrases
Family

payrolls, payrolled, payrolling, payroll tax

Familiarity
Top 50,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G