| Term | Definition |
|---|
| 941 | Employee's quarterly federal tax return. |
| Employee Earning Record | Business form used to record details affecting payments made to an employee. |
| Employer's Payroll Taxes | Taxes owed to the government by the employer based on payroll. |
| Federal Unemployment Tax | Tax paid by employers to provide funds for workers who are temporirily unemployed. |
| Gross Earnings | Total amount earned by an employee for a pay period before deductions. |
| Medicare Tax | Provides health insurance benefits for the elderly. |
| Net Pay | Total earnings paid to an employee after payroll taxes and other deductions are withheld. |
| Pay Period | Period covered by a salary payment. |
| Payroll | List of employees and the payments due to each employee for a pay period. |
| Payroll Check | Checks written to each employee for amount due. |
| Payroll Records | Organized records of a business' payroll activities. |
| Payroll Register | Business form used to record payroll information. |
| Payroll System | A planned process for producing and providing payroll information. |
| Payroll Taxes | Taxes withheld from employee earnings. |
| State Unemployment Tax | Tax paid by employer to provide funds for workers who are temporarily unemployed |
| W-2 | Wage and tax statement |
| W-3 | Transmittal of income and tax statement. |
Combine with other sets
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