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16 Cards in this Set

  • Front
  • Back
payroll
list of employees and payments due to each employee
pay period
amount of time in which an employee has been paid
gross earnings or gross pay
total amount of money an employee earns
salary
fixed amountof money payed to employee for each pay period
wage
an amount of money paid to an employee ata specified rate per hour worked`
time card
record of times and employee arrives and leaves work each day
electronic badge readers
an id badge with employee info arrival and departure times
overtime rate
1.5 times the employees regular time rate
Deduction
subtracted form gross earnings
form w-4
depends on marital status, # of allowances, employees gross earnings
allowance
reduces amount of income to be held
social security %
6.20%
medicare %
1.45%
net pay
amount after total deductions
direct deposit
directly into account
emplpyees earnings record
employees payroll info