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Payroll

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

Contributors in Payroll

Payroll

levy

Accounting; Payroll

An attachment to satisfy a tax debt or a court judgment.

internal audit

Accounting; Payroll

An audit of a business’s policies, procedures, operations and records carried out by employees of the business as opposed to outside parties.

foreign earned income exclusion

Accounting; Payroll

An election by a U.S. citizen or resident alien working abroad to exclude up to a certain amount of foreign earned income from the taxpayer’s gross income.

professional employer organization (PEO)

Accounting; Payroll

An outside organization hired to assume responsibility for some or all HR administration and compliance operations.

local national

Accounting; Payroll

An employee who works in the country where his home base is located, even though the employee may actually be a citizen of another country.

dependent care assistance program

Accounting; Payroll

An employer plan providing dependent care services or reimbursement for such services.

educational assistance program

Accounting; Payroll

An employer plan providing for payment or reimbursement of an employee’s educational expenses.

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