what is meant by payroll?

Answer 1

Since this question is listed in "taxes", let me take a stab and give you a definition of "payroll taxes". These are taxes an employer pays on behalf on their employees. It would primarily be FICA (social security and medicare), FUTA (federal unemployment), and SUTA (state unemployment).

Answer 2

Hi
Payroll is a American noun which means "a list of people employed by a company showing the amount of money to be paid to each of them. For ex.We have 500 people ON THE PAYROLL
2. the 2nd meaning The tottal amount paid in wages by a company.
For ex. The firm is growing fast with a monthly payroll of dollar 1 million.

this is the meaning of payroll. I think now u are easy with this word.
ok.have a nice time.

Answer 3

Payroll
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In a company, payroll is the sum of all financial records of salaries, wages, bonuses, and deductions.

Paycheck

A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. While most common being used in the United States, recently the physical paycheck has been increasingly replaced by electronic direct deposit.

In most countries with a developed wire transfer system, e.g. in Europe, using a physical cheque for paying wages and salaries is most uncommon for the past several decades. However, vocabulary referring to the figurative "paycheck" does exist in some languages, e.g. German (Gehaltsscheck), partially due to the influence of US popular media.

[edit] Payroll savings program

A payroll savings program is a method of automatically deducting money from one's paycheck and depositing it into a savings account. Since these funds are made less available there is a reduced chance that they will be spent.

[edit] Payroll card

A payroll card is a card that allows an employee to access their paycheck by using a card that looks like a bank debit card. A payroll card can be more convenient than using a check casher, because it can be used at participating automatic teller machines to withdraw cash, or in retail environments to make purchases. Some payroll cards also are cheaper than Payday loans available from retail check cashing stores, but others are not. Most payroll cards will charge a fee if used at an ATM more than once per pay period.

The payroll card account usually is held as a single account in the employer's name. That account holds the payroll funds for all employees using the payroll card system. Some payroll card programs establish a separate account for each employee, but others do not.

[edit] Payroll Professionals

In Canada Payroll Professionals are Certified by the Canadian Payroll Association. They are qualified as either 'Payroll Compliance Practitioners(PCP)' or as 'Certified Payroll Managers(CPM)'

Upon completion of the required course material and with continuing Education and membership fees the person is then entitled to the Post-nominal letters associated with their current level of accomplishment.

Answer 4

When a firm hores you you receive a compensation for the work you do which you call a salary or a wage as preferred, at times they hire you directly as the company's employee and pay you salaries and you are entitled to other benefits like insurance, provident fund, gratuity on retirement etc, which are accumulated as both your and your employers contribution, thats when you are on a payroll, as a noun a payroll is the list of all bonafide direct employees. Other than that one can be simply a contractual worker or hired thru a placement firm who act asd their employers - outsource them that is, hope that helps

Answer 5

Payroll can mean several things.

Payroll is the department in our company assigned to send our paychecks out every 2 weeks, and take the correct deductions out of everybody's check.

Payroll can also mean - that we work for the company - as I am on the payroll, and get a check for my work.

Answer 6

in some organizations employees may be paid a steady salary while others are paid for hours worked or the number of items the payment of second category called payroll

Answer 7

the list of employee in an organisation and the incentive payable as a salary was accounted and maintained in the register in employee identity code wise is called payroll register

Answer 8

The total sum of money to be paid out to employees at a given time.

Answer 9

Salary register

Answer 10

TaxMan gave the best answer so far. Why do people ignore the category when answering questions? Half these answers would still be wrong even if this question was not under "Taxes".