Employee

Employee
An employee is an individual who works for compensation, either direct or indirect, for an employer in return for stipulated services. Employees may be compensated hourly, daily, or annually. Employers have the right to control the work performed by their employees, including timing and means of accomplishing tasks.
Payroll Period
The payroll period is the interval of time for which an employer ordinarily pays wages to employees. The amount of withholding varies depending on the payroll period.

Accounting Terms Lexicon

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