Module 9 - Payroll

Module 9 - Payroll

Top Previous Next

Payroll :- Payroll includes all forms of compensation, such as salaries, wages, reported tips, commissions, bonuses, vacation allowances, sick-leave pay, employee contributions to qualified pension plans, and the value of taxable fringe benefits. For corporations, it includes amounts paid to officers and executives; for unincorporated businesses, it does not include profit or other compensation of proprietors or partners. Payroll is reported before deductions for Social Security, income tax, insurance, union dues, etc.

PAYROL5 copy

Copyright 2011, LOGIC ERP Solutions Pvt. Ltd.