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