Payroll Additives definition
Payroll Additives has the meaning specified in Exhibit E.
Payroll Additives are the costs incurred by the employer related to payroll costs. These costs are generally statutory requirements, such as payroll taxes and workers' compensation insurance.
Examples of Payroll Additives in a sentence
Payroll Additives include all employee benefits, allowances for vacation, sick leave, and holidays, and company portion of employee insurance and social and retirement benefits, all federal and state payroll taxes, premiums for insurance which are measured by payroll costs, and other contributions and benefits imposed by applicable laws and regulations.
Unit Prices include Direct Labor Expenses, Payroll Additives, Indirect Expenses, and Direct Non-salary Expenses and Profit.
The Multiplier to be applied to the Direct Salary Costs to determine the Direct Labor Costs is the sum of the following components: PAYROLL ADDITIVES The decimal ratio of Payroll Additives to Direct Salary Costs.