What is Payroll Expenses?

Payroll expenses are expenses paid to employees in form of salary/wage for their services/work and associated expenses such as employee benefits and state and federal payroll taxes.

Payroll Expenses include salaries, wages, bonuses, commissions, EFB, PF, EPS, company contributions such as a company-paid health plan, and the company-paid portion of taxes.

If you have any queries or questions, share them in comments below and I will be more than happy to help you.