| A | B |
|---|
| Salary | The money paid for employee services |
| Payroll | The total amount earned by all employees for a pay period |
| Payroll taxes | Taxes based on the payroll of a business |
| Pay period | The period covered by a salary payment |
| Withholding allowance | A deduction from total earnings for each person legally supported by a taxpayer |
| Tax base | The maximum amount of earnings on which a tax is calculated |
| Payroll register | A business form used to record payroll information |
| Employee earnings record | A business form used to record details affecting payments made to an employee |
| Automatic check deposit | Depositing payroll checks directly to an employee’s checking or savings account in a specific bank |
| Electronic funds transfer | Transferring payroll accounts electronically from the employer’s account directly to the employee’s bank account |
| Objective Evidence | There must be a source document for every transaction |
| Consistent Reporting | Transactions must be recorded in the same way each fiscal period |
| Lose a point if you match me | Lose a point if you match me |
| Net Pay | The amount paid to employees after all deducations are subtracted |
| Commission | Paid to employees to encourage and increase sales |
