A payroll is a company's list of its employees, but the term is commonly used to refer to: 1  the total amount of money that a company pays to its employees. 2  a company's records of its employees' salaries and wages, bonuses, and withheld taxes.  the company's department that calculates and pays these.
Report Abuse. yes a beneficiary can act as an executor, usually one is appointed by probate attorney, by family of deceased, or it may be stated in the deceased persons will. Remember, the executor must remain neutral and decisions made on behalf of the estate.es you can. This is actually recommended. The only time that an executor who is not a beneficiary should be named is if a beneficiary is under the age of 18 because someone under this age cannot inherit his/her share until they reach 18.
Assume that before making the distributions to the estate s beneficiaries, the estate has earned $6,000 in interest income; any income that the estate s assets earn after the decedent s death and before distribution to the beneficiaries is income of the estate. The executor is entitled to 6% of the $6,000 of income.In other words, the executor s income commission is $360 ($6,000 * 6% = $360). In addition to the income commission, the executor is entitled to a corpus commission.. Corpus is a Latin word.he executor s compensation comes in the form of a commission, and in New Jersey, a statute establishes the amount of the commission. An executor is entitled to a 6% commission on any income that the estate earns.