| A | B |
|---|
| salary | The money paid for employee services. |
| pay period | the covered by a salary payment |
| payroll | the total amount earned by all employees for a pay period |
| 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 |
| Medicare tax | a federal tax paid for hospital insurance |
| tax base | the amount of earnings on which a tax is calculated. |
| payroll register | a business form uised 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 etails affecting payments made to an employee. |
| gross pay | the amount of money an employee earns in a pay period |
| deductions | are amounts withheld from an employee’s gross earnings |
| piece rate | rate of pay based on the number of items produced |
| wage | amount of money paid to an employee at a specified rate per hour worked |
| time card | record of the time an employee arrives at work, leaves work, and the total number of hours worked each day |
| commission | amount paid to an employee based on a percentage of the employee’s sales |
| overtime rate | rate employers are required to pay certain employees covered by state and federal laws |
| payroll clerk | employee responsible for preparing the payroll |
| employer payroll expenses | FICA, FUTA, SUTA |
| salary expense | FICA, Voluntary Deductions, Fed Income Tax, State Income Tax |
