| A | B |
|---|
| employee earnings record | A business form used to record details affecting payments made to an employee. |
| Medicare tax | A federal tax paid for hospital insurance. |
| net pay | The total earnings paid to an employee after payroll taxes and other deductions. |
| payroll | The total amount earned by all employees for a pay period. |
| payroll register | A business form used to record payroll information. |
| payroll taxes | Taxes based on the payroll of a business. |
| salary | The money paid for employee services. |
| social security tax | A federal tax paid for old-age, survivors, and disability insurance. |
| tax base | The maximum amount of earnings on which a tax is calculated. |
| total earnings | The total pay due for a pay period before deductions. |
| withholding allowance | A deduction from total earnings for each person legally supported by a taxpayer, including the employee. |
| pay period | The period covered by a salary payment. |
