Business Terms and Jargon Explained

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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Forfeit Inti Apportionment
Load List Single linking agreement Giffen goods
Guarantor Negligible Value Average Total Cost (ATC)
Underwithholding MINT Estate
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Directors Guarantee Letter Securities Interest
Audit Report Nominee FTP
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Deferred sentence Litas Win win
Annul Procurement Benefits in kind
Parliamentary Agent Donor Performers Rights
Naira Maturity Custody time limit

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

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