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Advanced Accounting Vocab Chapter 12
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, and 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.