Payroll
Record of money paid or due to employees / From Wikipedia, the free encyclopedia
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A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive.[1] Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes,[2] or the company's department that deals with 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.[3]