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12 Cards in this Set
- Front
- Back
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Salary |
The money paid for employee services. |
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Pay Period |
The period covered by a salary payment. |
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Payroll |
The total amount earned all employees for a pay period. |
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Total Earnings |
The total pay due for a pay period before deductions. |
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Payroll Taxes |
Taxes based on the payroll pf a business. |
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Withholding Allowance |
A deduction from total earnings for each person legally support by a tax payer, including the employee. |
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Social Security Tax |
A federal tax paid for old-age, survivors, and disability insurance. |
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Medicare Tax |
A federal tax paid for hospital insurance. |
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Tax Base |
The maximum amount of earnings on which a tax is calculated. |
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Payroll Register |
A business from used to record payroll information. |
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Net Pay |
The total earnings paid to an employee after payroll taxes and other deductions. |
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Employee Earnings Record |
A business forms used to record details affecting payments made to an employee. |
