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12 Cards in this Set
- Front
- Back
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salary
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the money paid for emploee services
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pay period
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the period covered by a salary payment
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payroll
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the total amount earned by all employees for a pay period
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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 earning 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 paid for oldage survivors and diability insurance
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medicare tax
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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 earnigs on which a tax is calculated
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payroll registor
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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 paymentsmade to an employee
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