Definition Employee Compensation Net Pay Payroll 
Qandle
DECEMBER 16, 2023
Payroll refers to the process by which employers calculate and distribute compensation to their employees for the work they have completed. It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay.
Patriot Software
MARCH 13, 2019
Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Basically, imputed income is the value of any benefits or services provided to an employee. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.
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