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Payslip vs. Payroll

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Payslipnoun

A small document, included with an employee's wage or salary, giving details of money earned and tax and insurance paid.

Payrollnoun

A list of employees who receive salary or wages, together with the amounts due to each.

Payslipnoun

a slip of paper included with a person's salary payment, that records how much money the person has earned and how much tax or insurance etc. has been taken out.

Payrollnoun

The total sum of money paid to employees.

Payslipnoun

a slip of paper included with your pay that records how much money you have earned and how much tax or insurance etc. has been taken out

Payrollnoun

(accounting) The calculation of salaries and wages and the deduction of taxes etc.; the department in a company responsible for this.

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Payslipnoun

a note given to an employee when they have been paid, detailing the amount of pay given, and the tax and insurance deducted.

Payrollnoun

(euphemistic) Bribes paid to people

Payrollverb

(transitive) To place on a payroll.

Payrollnoun

a list of employees and their salaries;

‘the company had a long payroll’;

Payrollnoun

the total amount of money paid in wages;

‘the company had a large payroll’;

Payrollnoun

the department that determines the amounts of wage or salary due to each employee

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Payrollnoun

a list of a company's employees and the amount of money they are to be paid

‘there are just three employees on the payroll’;

Payrollnoun

the total amount of wages paid by a company

‘small employers with a payroll of less than £45,000’;

Payroll

In treasury management, a payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation.

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