A | B |
Tax | The amount levied by the government on individuals and employers. |
Payroll | A list of employees and the payments due to each one for a specific pay period. |
Pay Period | The amount of time over which an employee is paid, such as weekly, biweekly, etc. |
Payroll Clerk | A person who is responsible for preparing the payroll. |
Gross Earnings | The total amount of money an employee earns in a pay period. |
Salary | A fixed amount of money paid to an employee for each pay period. |
Wage | An amount of money paid to an employee |
Time Card | A record of the times an employee arrives and leaves work each day. |
Electronic Badge Reader | An identification badge with a manetic strip that contains employee information used to record starting and ending work hours. |
Commission | An amount paid to an employee's based on a percentage of the employee's regular hourly pay rate. |
Overtime Rate set by the Fair Labor Standards act of 1938 | is 1 1/2 (1.5) times the employee's regular hourly pay rate. |
Deduction | An amount that is subtracted from gross earnings. |