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11 Cards in this Set
- Front
- Back
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salary
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money paid for employee services
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pay period
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period covered by a salary payment
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payroll
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total amount earned by all employees for a pay period
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total earnings
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total pay due for a pay period before deductions
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payroll taxes
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taxes based on the payroll of a business
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withholding allowance
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deduction from total earnings for each person legally supported by a tax payer including the employee
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social security tax
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federal tax paid for old age
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medicare tax
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federal tax paid for hospital insurance
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tax base
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maximum amount of earnings on which a tax is calculated
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payroll register
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business form used to record payroll information
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net pay
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total earnings paid to an employee after payroll taxes and other deductions
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