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
According to the Herald, Project Wolverine projected the Marlins to cut payroll in 2018 from $115 million to $90 million, but forecasts a 25% gain in ticket revenue and a 19% gain in attendance.
If the club holds firm on that goal, any late signing of Hosmer, 28, would likely require additional moves to reduce payroll.
The Dodgers, for instance, are cutting payroll with the intent of not paying a luxury tax this year.
Golisano, founder of the payroll firm Paychex, has a net worth of $3.4 billion.
Time reports that the resolution also makes every office certify that no payroll funds are used to settle complaints.
Corb was employed by the Louisiana Supreme Court's judicial administrator as a payroll supervisor from December 2015 until March 3 of last year, Cannizzaro's office said.
Based in Chesterland, Fairmount Santrol employs 52 people in Geauga County, between its headquarters and another site, with $7.7 million in existing payroll.
The league keeps payroll low, Oswalt said, looking for players who aren’t ready to hang up their cleats.
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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