Employee Earning record
A buisness form used to recored details affecting payments made to an employee
A federal tax paid for hospital insurance
The total earnings paid to an employee after payroll taxes and other deductions.
The period covered by a salary payment
the total amount earned by all employees for a pay period
a business form used to record payroll information.
Taxes based on the payroll of a business
the money paid for employee services.
social security tax
A federal tax paid for old-age, survivors, and disability insurance.
the maximum amount of earnings onw hich a tax is calculated
the total pay due for a pay perod before deductions
A deduction from total earnings for each person legally supported by a taxpayer, including the employee.
Businesses use payroll records to inform employees of their annual earnings and to prepare payroll reports for the government.
All deductions from employee wages are recorded in a payroll register.
The first task in preparing a payroll is to determine the number of days worked by each employee.
Total earnings are sometimes referred to as net pay or net earnings.
Payroll taxes withheld represent a liability for an employer until payment is made.
When an empolyee's earnings exceed the tax base, no more social security tax is deducted.
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 marital status.
Employee total earnings are calculated as regular hours X regular rate, plus overtime hours X overtime rate.
A business is required by law to withhold certain payroll taxes from employee salaries.
A single person will have less income tax withheld than a married employee.
Social security tax is paid by the employer only.
The information used to prepare payroll checks is taken from a payroll register.
Regular hours times regular rate
Employee regular earnings are calculated as
In all 50 states
Federal income tax is withheld from employee earnings.
Federal income tax withheld
The withholding allowances of an employee affect _________.
Employee number, marital status, and withholding allowances.
Each employee name is listed in a payroll regster along with _______.
Net Pay column
The total earnings paid to an employee after payroll taxes and other decuctions is recorded in the payroll registers's _______.
a special payroll checking account
Individual payroll checks are usually written on __________.
an employee earnings record.
A business form used to record details affecting payments made to an employee is _________.
is the total earnings since the first of the year.
The Accumulated Earnings column of the employee earnings record ___________.
The amount on the employee earnings record used to determine if certain payroll taxes apply to an employee's earnings is __________.
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