Quick Glossary: Payroll

Payroll is an essential part of almost every business, whether you have one part-time employee or a staff of thousands of people.

Payroll is a complex topic that involves specialized vocabulary and numerous government acronyms that can be hard to decipher.

TechRepublic Premium presents this quick glossary of key concepts to help your understanding.

From the glossary:

GARNISHMENT

A wage garnishment is taken out of a paycheck in order to pay an employee’s debts. Wage garnishments are typically used for child support payments and defaults on student loan debts.

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Published:
October 17, 2023
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