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11 Cards in this Set
- Front
- Back
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Salary
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The money paid for employee services.
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Payroll
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The period covered by a salary payment.
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total earnings
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the 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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A deduction from total earnings for each person legally supported by a taxpayer, including the employee.
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social security tax
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A federal tax payed for the old-age, survivors, and disability insurance.
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medicare
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A federal tax paid for hospital insurance.
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tax base
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the maximum amount of earnings on which a tax is calculated.
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payroll register
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A business form used to record payroll information
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net pay
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the total earnings paid to an employee after payroll taxes and other deductions.
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employee earnings record
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A business form used to record details affecting payments made to an employee.
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