Payroll expense of the organisation

Definition of Payroll

Payroll expense is the total amount of salary and wages organization paid to their employee for their work and services. It includes payroll taxes medical benefits and others.

-Payroll expense may be in form of cash or it may be paid in the account of the employee.

-Payroll expense is considered as the one of the major expense of the organization.

-Payroll of the employee depends on the how much time they serve. 

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