Examples of payroll in a Sentence
They cut him from their payroll.
He's the manager of a baseball team with a $50 million payroll.
Businesses are keeping their payrolls low by embracing new technologies.
Recent Examples of payroll from the Web
Whatever its past political advantages, the payroll tax now imposes an unnecessary burden on a stagnating economy.
Kriti Sharma is the vice president of artificial intelligence at Sage, a global integrated accounting, payroll and payment systems provider.
This summer, there were about 7.5 percent more officers on the payroll and almost 6 percent more firefighters than when Cranley took office.
Krebs reported in May about another hacking incident involving an Equifax subsidiary, TALX, which provides online payroll and tax services.
The system will still derive income from payroll taxes, and possibly other sources, for years to come even if major changes aren't made in how Social Security is funded.
New Haven lies in between, with a total payroll of $2.9 million.
Wisconsin’s final offer promises Foxconn as much as $2.85 billion in cash refunds over the next 15 years to offset portions of its payroll and building costs.
To fund the payroll taxes that will support Social Security and Medicare during their retirement, older white America needs more of diverse younger America to reach the middle class.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'payroll.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of payroll
Financial Definition of PAYROLL
What It Is
Payroll is the total of the compensation a company pays to its employees. In the accounting world, it is also a term used for calculating and processing paychecks (as in, "doing payroll").
How It Works
On the income statement, payroll expenses are part of labor costs. They include employee salaries, employer payments for health insurance or similar benefits, payroll taxes paid by the employer, bonuses, commissions and similar expenses.
Doing payroll is a complicated process that involves ensuring that every employee is paid correctly, calculating the appropriate payroll taxes (which can vary with the employee's salary, whether he or she has hit the Social Security cap for the year, etc.), and correctly deducting miscellaneous items (such as court-ordered child support, gym memberships or 401(k) contributions).
Why It Matters
Payroll is a major expense for most companies and is the primary component of labor cost. Labor costs vary by industry, and comparing companies in different industries should be done with this in mind.
In the accounting world, doing payroll is a crucial but often thankless job. The calculations must always be accurate, the paychecks must be printed on time, new and departing employees must be added to or deleted from various processes, and the taxes must be remitted to the proper authorities on time and in the correct amount. As soon as the process ends, it begins again. Many companies outsource some of the work.
PAYROLL Defined for English Language Learners
PAYROLL Defined for Kids
Seen and Heard
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