| A | B |
|---|
| Salary | The money paid for employee services |
| Pay Period | The period covered by a salary payment |
| Payroll | The total amount earned by all employees for a pay period |
| Payroll Taxes | Taxes based on the payroll of a business |
| Withholding allowance | A deduction from total earnings for each person legally supported by a taxpayer |
| Tax base | The maximum amount if earnings on which a tax is calculated |
| Payroll register | A business form used to record payroll information |
| Employee earnings record | A business form used to record details affecting payments made to an employee |
| Automatic check record | Depositing payroll checks directly to an employee's checking or savings account in a specific banl |
| Electronic funds transfer (EFT) | A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents |
