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

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

Kara Sherrer, writing for TechRepublic Premium, presents this quick glossary of key concepts to help your understanding.

Featured definition 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.

Enhance your payroll knowledge with our in-depth 13-page PDF glossary. Previously priced at $19, this is now available for download at just $9. Alternatively, enjoy complimentary access with a Premium annual subscription.

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