Payroll 101

So what is payroll? Payroll is how employers pay their employees. Paying payroll is not a simple matter. There are many factors involved and it can become complicated. Payroll is not just handing out paychecks, paystubs, payslips to your employees.

There is more to payroll then that. On the paystub, it will firstly show the gross income that the employee made. This is calculated with the employees base hourly rate multiplied by how many hours they have worked. From this number, many things will be subtracted from it. Its time for deductions. these deductions can be tax with holdings, medical insurance, union dues, etc. Employees can be paid via check or by direct deposit.

Here are some basic payroll terms.
Paycheck
Payroll Cards
Payroll Frequencies
Payroll Outsourcing
Payroll Professional
Payroll Taxes
Payslip
Warrants