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Answer Posted / shreya
The term 'payroll' encompasses every employee of a company who
receives a regular wage or other compensation. Some employees
may be paid a steady salary while others are paid for hours
worked or the number of items produced. All of these different
payment methods are calculated by a payroll specialist and the
appropriate paychecks are issued. Companies often use
objective measuring tools such as timecards or timesheets
completed by supervisors to determine the total amount of
payroll due each pay period.
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