Examples of payroll in a Sentence
They cut him from their payroll.
He's the manager of a baseball team with a million payroll.
Businesses are keeping their payrolls low by embracing new technologies.
Recent Examples of payroll from the Web
Revisions to prior reports added a total of 37,000 jobs to payrolls in the previous two months, according to the figures, resulting in a three-month average of 211,000.
But the Cavs had the highest payroll in the league in 2017-18 and owner Dan Gilbert is in repeater tax purgatory for years of exceeding the salary cap.
State prisons there employ 1,126 people on a payroll totaling $5.1 million biweekly.
During the Dwight years, the Magic regularly exceeded the luxury tax and had one of the league’s highest payrolls in their fervor to bring Orlando a title.
The state hopes to move its forensic pathologists to the payrolls of the University of Kentucky and the University of Louisville.
Revisions to prior reports subtracted a total of 50,000 jobs from payrolls in the previous two months, according to the figures.
Chicago operates with a payroll twice the size of Milwaukee’s, with a talent level to match, so this will be no easy task.
In all, Humboldt oysters generate at least $6 million in sales per year, and a payroll of $1.4 million, according to the Humboldt Bay Harbor District.
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.
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
Definition of payroll for English Language Learners
: a list of the people who work for a company and the amount of money that the company has agreed to pay them
: the total amount of money that a company pays to all of its employees
PAYROLL Defined for Kids
Seen and Heard
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