| A | B |
|---|
| payroll | A list of the employees and the payments due to each employee for a specific pay period. |
| pay period | The amount of time over which an employee is paid. |
| payroll clerk | Responsible for preparing the payroll. |
| gross earnings | The total amount of money an employee earns in a pay period. |
| salary | A fixed amount of meony paid to an employee for each pay period. |
| wage | An amount of money paid to an employee at a specified rate per hour worked. |
| time card | A record of the time an employee arrives at work, the time the employee leaves, and the total number of hours worked each day. |
| electronic badge readers | Employee is issued an identification badge with a magnetic strip that contains employee information. |
| commission | An amount paid to an employee based on a percentage of the employee's sales. |
| overtime rate | Employers are required to pay overtime when employees covered by these laws work more than 40 hours per week. |
| deduction | An amount that is subtracted from an employee's gross earnings. |
| allowance | Reduces the amount of income tax to be witheld. |
| 401(k) plan | An employee contributes a portion of gross earnins to an account in the 401(k) plan and does not pay income tax on the contributed earnings. |
| payroll register | A form that summarizes information about employees' earnings for each pay period. |
| net pay | The amount left after total deducations are subtracted from gross earnins. |
| direct deposit | The depositing of an employee's net pay directly into her or his personal bank account; usually made through electronic funds transfer. |
| employee's earnings record | An individual payroll record prepared for each employee; includes data on earnings, deductions, net pay, and accumulated earnings. |
| accumulated earnings | The employee's year-to-date gross earnins, or the employee's gross earnings from the beginning of the year through the end of each pay period. |
