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What is Payroll?

Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons. A payroll is a company's list of its employees, but the term is commonly used to refer to:

The total amount of money that a company pays to its employees A company's records of its employees' salaries and wages, bonuses, and withheld taxes The company's department that calculates and pays these.