Compensation to management and other personnel, based on factors such as increased sales or the amount of net income.
A measure of a company's liquidity; computed as current assets divided by current liabilities.
Employee earnings record
A cumulative record of each employee's gross earnings, deductions, and net pay during the year
Federal unemployment taxes
Taxes imposed on the employer by the federal government that provide benefits for a limited time period to employees who lose their jobs through no fault of their own.
Taxes designed to provide workers with supplemental retirement, employment disability, and medical benefits.
Requires that companies disclose all circumstances and events that would make a difference to financial statement users.
A payroll record that accumulates the gross earnings, deductions, and net pay by employee for each pay period.
Payments by employers to retired employees for health care, life insurance, and pensions.
State unemployment taxes
Taxes imposed on the employer by states that provide benefits to employees who lose their jobs.
Statement of earnings
A document attached to a paycheck that indicates the employee's gross earnings, payroll deductions, and net pay.
Wage and Tax Statement (Form W-2)
A form showing gross earnings, FICA taxes withheld, and income taxes withheld, prepared annually by an employer for each employee.