Business terms and jargon explained. Your business dictionary

What is Payroll

Payroll is a system to pay employees their salaries and wages. Payroll is administrated by the company (employer), where the employees tax's are deducted and paid to the government on their behalf. All employees are are given a payslip which tells them their salary and the tax that has been deducted.

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Term created / updated 2005-07-16 23:12:15

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