Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

High-deductible health plan (HDHP)

A High-Deductible Health Plan, commonly referred to as an HDHP, is a health insurance option designed with lower monthly premiums but significantly higher deductibles. This means the insured individual must

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Gross-up

Gross-Up: Definition and Application A gross-up refers to the additional amount an employer adds to an employee’s compensation to account for taxes the employee would otherwise owe. This ensures the

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