A payroll initially referred to a company's list of its employees, but nowadays it commonly refers to a company's records of its employees' salaries and wages, bonuses and withheld taxes, and sometimes it means the total amount of money that a company pays to its employees. Payroll and payroll taxes considerably affect the net income of most companies. In addition, sometimes payroll can be subject to federal, state, and local regulations. Here on our website, of more than ten states' payroll templates for you to download and verify.