Payroll, The process of calculating and paying employees., Payslip (Pay Stub), The document showing an employee's earnings and deductions., Gross Pay, The total amount earned before any deductions., Net Pay, The money employees receive after deductions have been taken out., Overtime, Additional hours worked beyond the regular schedule, usually paid at a higher rate., Deductions, Amounts taken from an employee's earnings., Taxes, Money paid to the government based on earnings., Social Security Contributions, ayments made to government programs that provide benefits such as retirement or healthcare., Payroll Period, The period of time covered by one payroll cycle (weekly, biweekly, monthly, etc.)., Direct Deposit, Electronic transfer of money directly into an employee's bank account., Payday, The day employees receive their pay., Salary, Fixed regular payment, usually expressed as an annual amount., Wage, Money paid to employees based on the number of hours, days, or units worked.

Payroll 1

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