| A | B |
|---|
| Accumulated Earnings | The year-to-date gross earnings |
| Commission | Earnings based on a percentage of sales |
| Deduction | An amount subtracted from gross earnings |
| Direct Deposit | Net pay is deposited directly to the employee's personal account |
| Exemption | An allowance claimed by a taxpayer to reduce taxes |
| Gross Earnings | The total amount earned |
| Net Pay | The amount left after deductions are subtracted from gross earnings |
| Overtime Rate | 1 1/2 times regular rate paid for hours over 40 |
| Pay Period | The amount of time for which an employee is paid |
| Payroll | The list of employees and amounts due for a specific pay period |
| Payroll Clerk | The person responsible for preparing the payroll |
| Payroll Register | A form that summarizes information about an employee's earnings |
| Salary | A fixed amount of money paid to an employee for each pay period |
| Timecard | A record of the time of arrival, departure, and total number of hours worked |
| Wage | The amount of money paid at a specific hourly rate |
| 401(k) | An account to set aside earnings and defer taxes until retirement |
