taxation

This query is : Resolved

Report Abuse Follow Query Ask a Query

avijit99

avijit99 (Querist)
Follow

18 June 2011 what does payroll mean.

Suresha R

Suresha R (Expert)
Follow

18 June 2011 In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons. From an accounting point of view, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations