What is payroll accounting explain in hindi?
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Payroll Accounting involves a company's recording of its employees' compensation including :
1) Gross wages, salaries, bonuses, commissions, and so on that have been earned by its employees.
2) Withholding of payroll taxes such as Social Security tax, Medicare taxes, state and federal income taxes etc.
3) Withholding for the employees' portion of health insurance premiums, employees' contributions to saving plans etc.
4) Employer's portion/expenses for Social Security taxes, Medicare taxes state and federal income taxes.
5) Employer's portion/expenses of fringe benefits such as health insurance premium, paid holidays, vacations and sick days, pension and saving plan contributions, workmen compensation insurance etc.
Payroll Accounting involves a company's recording of its employees' compensation including :
1) Gross wages, salaries, bonuses, commissions, and so on that have been earned by its employees.
2) Withholding of payroll taxes such as Social Security tax, Medicare taxes, state and federal income taxes etc.
3) Withholding for the employees' portion of health insurance premiums, employees' contributions to saving plans etc.
4) Employer's portion/expenses for Social Security taxes, Medicare taxes state and federal income taxes.
5) Employer's portion/expenses of fringe benefits such as health insurance premium, paid holidays, vacations and sick days, pension and saving plan contributions, workmen compensation insurance etc.
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