| A | B |
|---|
| salary | The money paid for employee services. |
| pay period | the covered by a salary payment |
| payroll | the total amount earned by all employees for a pay period |
| withholding allowance | a deduction from total earnings for each person legally supported by a taxpayer, including the employee |
| social security tax | a federal tax paid for old-age, survivors, and disability insurance |
| Medicare tax | a federal tax paid for hospital insurance |
| tax base | the amount of earnings on which a tax is calculated. |
| payroll register | a business form uised to record payroll information. |
| net pay | the total earnings paid to an employee after payroll taxes and other deductions. |
| employee earnings record | a business form used to record etails affecting payments made to an employee. |
| gross earnings | the total amount of money an employee earns in a pay period. |
| wage | an amount of money paid to an employee at a specified rate per hour worked. |
| electronic badge reader | an identification badge with a magnetic strip that contains employee information used to record starting and ending work hours. |
| commission | an amount paid to an employee based on a percentage of the employee’s sales. |
| overtime rate | set by the Fair Labor Standards Act of 1938, is |
| voluntary deductions | Most employers agree to deduct other amounts from their employees' payroll check to accommodate the wishes of the employees. The employee must initiate the request. |
| survivor's benefits | provides income to the spouse and dependent children of a deceased worker. |
| old age and disability insurance | programs provide income to retired and disabled persons and their dependent children. |
| tax table | shows the amount of taxes to be withheld from employees each pay period based on their filing status, such as single, married, etc. |
| allowance | reduces the amount of income tax to be withheld. |
