Pronunciation: [pˈe͡ɪɹə͡ʊlz] (IPA) 
The word "payrolls" is spelled with a combination of sounds that can be a little tricky to master. The first syllable is pronounced as "peɪ," with the "a" sound like the "a" in "face." The second syllable is "roʊlz," with the "o" sound like the "o" in "go" and the "z" at the end pronounced like the "s" in "sits." The word refers to the total amount of money a company pays to its employees as wages or salaries.
Payrolls refer to the total amount of money that an employer pays to its employees for a specific period. It includes the compensation received by employees, including salaries, wages, bonuses, commissions, and various other benefits. Payrolls are often prepared on a regular basis, such as weekly, bi-weekly, semi-monthly, or monthly, depending on the employer's pay schedule.
Payrolls not only encompass the essential income paid to employees, but also encompass deductions made from their gross earnings. These deductions typically include federal, state, and local taxes, Social Security contributions, Medicare taxes, and other contributions such as retirement savings, healthcare premiums, and insurance plans. After these deductions, the net amount received by employees is commonly referred to as their take-home pay.
Payrolls also involve the maintenance of accurate records and financial documentation related to employee compensation. This includes capturing information such as employee hours worked, overtime, leaves, and any other factors that may impact pay. Employers are responsible for calculating appropriate compensation, ensuring compliance with legal requirements, and maintaining confidentiality and privacy in handling employee financial information.
Moreover, payrolls play a vital role in budgeting, financial planning, and reporting for organizations. They are crucial for managing labor costs, tracking employee expenses, and meeting legal obligations regarding taxes and social security contributions. Often, payroll management is facilitated through specialized software or handled by third-party payroll service providers to streamline the complex process and ensure accuracy and efficiency.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "payroll" originated from the combination of two separate words: "pay" and "roll".
The word "pay" comes from the Old French word "paiier", meaning "to pay" or "to give". It is derived from the Latin word "pacāre", which means "to pacify" or "to satisfy". In the context of payroll, it refers to the act of remunerating or compensating employees.
The term "roll" refers to a document or list containing names or items in a line or column. It has its roots in the Old French word "rolle" or "role", which means "scroll" or "list". This word, in turn, was derived from the Medieval Latin word "rotulus", meaning "a little wheel" or "a roll".
