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
Other pass-through businesses would have 70 percent of their income classified as wages, subject to a higher federal rate and to Social Security and Medicare payroll taxes.
In addition, the state of Ohio granted GE a job creation tax credit that will reimburse the company for 85 percent of payroll taxes via a credit on its corporate income tax worth $51.7 million over 15 years.
Back then, Harvey could spin—or suppress—anything; there were so many journalists on his payroll, working as consultants on movie projects, or screenwriters, or for his magazine.
The Internal Revenue Service has extended deadlines for businesses that were originally due to file returns and make payments by Sept. 15, as well as quarterly payroll and excise tax returns due Oct. 31.
Trump would like to see the child tax credit double from its current level of $1,000 annually to at least $2,000—with the extra money going back to taxpayers by reducing their payroll taxes.
In 2016, the Tribe was the only team to make the playoffs without a top 10 payroll.
The Dodgers, who led the majors with 104 wins and a $240 million payroll, watched Kershaw put them ahead in this best-of-seven series.
They are financed by payroll taxes (to the tune of 0.3% of GDP in Colombia, Jamaica and Panama, for example).
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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