Payroll

paycheckpaypay stubpay stubspay trainpaycheckspaying wagespayroll accountspayroll deductionpayroll deductions
A payroll is a company's list of its employees, but the term is commonly used to refer to: * the total amount of money that a company pays to its employees * a company's records of its employees' salaries and wages, bonuses, and withheld taxes * the company's department that calculates funds and pays these.wikipedia
210 Related Articles

Fortnight

fortnightlybi-weeklylunar fortnight
Common payroll frequencies include: daily, weekly, bi-weekly/fortnightly (once every two weeks), semi-monthly (twice per month), and monthly.
Some wages and salaries are paid on a fortnightly basis; however, in North America it is far more common to use the term biweekly.

Time clock

clocking inpunch clocktime-clocks
Payroll software base its calculation on entered rate, approved data obtained from other integrated tools like the electronic Bundy clock, and other essential digital HR tools.
Nevertheless, at the end of each period the total time recorded is added up allowing for quicker processing by human resources or payroll.

Paycheck

pay stubpay slippaystub
This includes salary payments, tax withholdings, and deductions from paychecks.

Salary

salariessalariedsalaried employee
a company's records of its employees' salaries and wages, bonuses, and withheld taxes

Wage

wageswage ratelabor costs
a company's records of its employees' salaries and wages, bonuses, and withheld taxes

Bonus payment

bonusbonusesyear-end bonus
a company's records of its employees' salaries and wages, bonuses, and withheld taxes

Withholding tax

withholdingwithholding taxeswithhold
a company's records of its employees' salaries and wages, bonuses, and withheld taxes

Income tax

income taxesincometaxes
Government agencies at various levels require employers to withhold income taxes from employees' wages.

Payroll tax

payroll taxespayrollCanada
In the United States, "payroll taxes" are separate from income taxes, although they are levied on employers in proportion to salary; the programs they fund include Social Security, and Medicare.

Social Security (United States)

Social SecuritySocial Security ActSocial Security Administration
In the United States, "payroll taxes" are separate from income taxes, although they are levied on employers in proportion to salary; the programs they fund include Social Security, and Medicare.

Medicare (United States)

MedicareMedicare (US)Medicare Part B
In the United States, "payroll taxes" are separate from income taxes, although they are levied on employers in proportion to salary; the programs they fund include Social Security, and Medicare.

Trust law

trusttrust fundtrusts
U.S. income and payroll taxes collected through deductions are considered to be trust fund taxes, because the employer holds the deducted money in trust for later remittance.

Federal Insurance Contributions Act tax

FICASocial Security and Medicare taxespayroll tax
FICA stands for the Federal Insurance Contributions Act and the FICA tax consists of both Social Security and Medicare taxes.

Federal Unemployment Tax Act

FUTAFederal Unemployment Taxunemployment
3) Federal unemployment taxes (FUTA);

Payroll service bureau

Cloud-Based Payroll Servicespayrollpayroll agency
Businesses may decide to outsource their payroll functions to an outsourcing service like a Payroll service bureau or a fully managed payroll service.

Gratuity

tiptipstipping
For example, restaurant payrolls which typically include tip calculations, deductions, garnishments and other variables, can be difficult to manage especially for new or small business owners.

Pay-as-you-earn tax

PAYEpay-as-you-earnpay-as-you-go
Annual changes in tax codes, Pay as you earn (PAYE) and National Insurance bands as well as statutory payments and deductions having to go through the payroll often mean there is a lot to keep abreast of in order to maintain compliance with the current legislation.

National Insurance

social securitynational insurance contributionsnational insurance contribution
Annual changes in tax codes, Pay as you earn (PAYE) and National Insurance bands as well as statutory payments and deductions having to go through the payroll often mean there is a lot to keep abreast of in order to maintain compliance with the current legislation.

Sage MicrOpay

Sage MicrOpay is a supplier of integrated payroll and human capital management people management software and services solutions to Australian businesses.

Train robbery

train robbertrain robberiestrain robbers
Trains carrying payroll shipments were a major target.

Marine Corps Total Force System

MCTFS
The mission of the MCTFS is to provide integrated personnel and pay functionality for all active and reserve Marines within a single system and personnel management for retirees, by using a single, logical database which incorporates the records of all active, reserve and retired Marines.

Enterprise resource planning

ERPEnterprise Resource Planning (ERP)ERPs
ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll.

Northgate Information Solutions

RealityNorthgate
Northgate Information Solutions Limited (Northgate) is the holding company of NGA Human Resources, a provider of specialist software and outsourcing services for human resources (HR) and payroll, based in the United Kingdom.

Two-tier system

two-tier wage scaletwo-tier wage systemwage tier
A two-tier system is a type of payroll system in which one group of workers receives lower wages and/or employee benefits than another.

Broadbanding

Broad banding
Broadbanding is used by Payroll Departments in Human resource management.