Chapter 12 Vocab.
Terms in this set (12)
The money paid for employee services
The period covered by a salary payment
The total amount earned by all employees for a pay period
The total pay due for a pay period before deductions
Taxes based on the payroll of a business
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, disability insurance
A federal tax paid for hospital insurance
The maximum amount of earnings on which a tax is calculated
A business form used to record payroll information
The total earnings paid to an employee after payroll taxes and other deductions
Employee Earnings Record
A business form used to record details affecting payments made to an employee