| A | B |
|---|
| 401(k) | Voluntary payroll deduction from gross earnings |
| Accumulated earnings | The employee's year-to-date gross earnings |
| Comission | An amount paid to an employee based on a percentage of the employee's sales. |
| deduction | An amount that is subtracted from an employee's gross earnings |
| direct deposit | Depositing net pay directly into an employee's personal bank account through electronic funds transfer |
| electronic badge readers | An electronic device that scans the magnetic strip containing employee information on an employee's identification badge and then transfers the information directly to a computer |
| employee's earnings record | A record prepared for each employee that contains all payroll information related to the employee |
| gross earnings | total amount of money an employee earns in a pay period. |
| net pay | amount left over after total deductions have been subtracted from gross earnings |
| overtime rate | Pay rate employers are required to pay certain employees covered by state and federal laws |
| pay period | Amount of time over which an employee is paid |
| payroll | List of employees and the payments dueto each employee for a specific pay period |
| payroll clerk | An employee responsible for preparing the payroll |
| payroll register | A form that summarizes information about employees' earnings for each pay period |
| piece rate | A rate of pay based on the number ofm items |
| salary | A fixed amount of money paid to an employee for each pay period |
| time card | A record of the time an employee arrives ar work, leaves work, and the total numbers of hours worked each day |
| wage | An amount of money paid to an employee at a specified rate per hour worked. |
| withholding allowance | an allowance an individual claims on a Form W-4 |
