Definition, Meaning & Synonyms
payroll
noun
/ˈpeɪˌroʊl/
Definition
The record of a company’s employees and the amount of money they are paid.
Examples
- The company processes its payroll every two weeks.
- She is responsible for maintaining the payroll records.
- Payroll taxes are deducted from employees’ salaries.
Meaning
Payroll refers to the total amount of money that a business pays to its employees for a specific period.
Synonyms
- Wages
- Salary
- Compensation
