Payroll

{
  "id": "MLC-T-LAW-003679",
  "term": "Payroll",
  "field": "Law",
  "definition": "A list of a company's employees and the amount of money they are to be paid, or the total amount of wages and salaries paid by a company during a specific period. It also encompasses the business function of calculating and distributing employee compensation, including withholding taxes and other deductions. Employers are legally required to maintain accurate payroll records for inspection by tax authorities like the Internal Revenue Service.",
  "url": "https://mlchart.com/terminology/law/payroll/"
}