<P> A payroll is a company's list of its employees, but the term is commonly used to refer to: </P> <Ul> <Li> the total amount of money that a company pays to its employees </Li> <Li> a company's records of its employees' salaries and wages, bonuses, and withheld taxes </Li> <Li> the company's department that calculates and pays these . </Li> </Ul> <Li> the total amount of money that a company pays to its employees </Li> <Li> a company's records of its employees' salaries and wages, bonuses, and withheld taxes </Li>

Fica is an example of a payroll tax which is a tax on the wages that firms pay their workers