A | B |
payroll register | All deductions from employee wages are recorded in a _____. |
payroll | The total amount earned by all employees for a pay period. |
total earnings | The total pay due for a pay period before deductions. |
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, including the employee. |
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. |
Medicare tax | A federal tax paid for hospital insurance. |
payroll register | A business form used to record payroll information. |
net pay | The total earnings paid to an employee after payroll taxes and other deductions. |
employee earnings record | A business form used to record details affecting payments made to an employee. |
Social security tax | _____ is calculated on employee earnings up to a maximum paid in a calendar year |
separate payroll cking acct | A(n)_______ is used primarily to provide additional protection and control payroll payments |
Payroll time cards | ______ can be used as the basic source of information to prepare a payroll. |
Total Earnings | _____ are sometimes referred to as gross pay or gross earnings. |
marital status | The amount of income tax withheld from each employee's total earnings is determined from the number of withholding allowances and by the employee's ____. |
more | A single person will have ____ income tax withheld than a married employee. |
smaller | The larger the number of withholding allowances claimed, the _____ the amount of income tax withheld |
pay period | The period covered by a salary payment. |
salary | The money paid for employee services. |