Payroll
/ˈpeɪˌroʊl/
Definitions
- (n.) The total amount of wages paid to employees or the list of employees entitled to such payment, used for accounting and tax purposes.
The company’s payroll must be submitted monthly to comply with tax regulations.
Related terms
See also
Commentary
Payroll as a legal term primarily concerns compliance with employment and tax laws and is essential for labor law and financial recordkeeping.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.