Payroll

Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Industry: Accounting

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Payroll

other compensation

Accounting; Payroll

Compensation not subject to federal income tax withholding that an employer must report on an employee’s W-2.

fringe benefits

Accounting; Payroll

Compensation other than wages provided to an employee such as health and life insurance, vacations, employer-provided vehicles, public transportation subsidies, etc., that may be taxable or ...

supplemental wages

Accounting; Payroll

Compensation received by employees other than their regular pay, such as bonuses, commissions and severance pay. Income tax may be withheld from such payments at a flat rate under certain ...

nondiscretionary bonus

Accounting; Payroll

Contractual or agreed-upon bonus or incentive related to production, efficiency, attendance, quality, or some other measure of performance.

batch control

Accounting; Payroll

Control that is designed to ensure that a batch of data has been entered successfully.

relocation expenses

Accounting; Payroll

Costs incurred by an employee as the result of a move to a job in a new location. Reimbursement of these expenses may be made at an employer’s discretion. Certain employee-incurred relocation ...