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Study sets matching "payroll acccounting"

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Study sets matching "payroll acccounting"

86 terms
Payroll Accounting Chapter 4
WW 2
Rumal Plan
fair market value
flexible reporting
what event sparked Income Tax withholdings?
What is the pay as you go method?
what are non cash payments made to employees taxed based on?
this allows employers to report fringe benefits however they…
WW 2
what event sparked Income Tax withholdings?
Rumal Plan
What is the pay as you go method?
62 terms
FBLA Accounting Test
payroll
pay period
payroll clerk
gross earnings
list of a business's employees and the payment due to each em…
amount of time for which an employee is paid
a person who is responsible for preparing the payroll
total amount of money earned by an employee in a pay period
payroll
list of a business's employees and the payment due to each em…
pay period
amount of time for which an employee is paid
18 terms
vocab warren hood
liquidity
certificate of deposit
maturity date
money market account
is a measure of how quickly you can get your cash without los…
or time deposit
which is the date on which an investment becomes due for paym…
is a type of savings account that offers more
liquidity
is a measure of how quickly you can get your cash without los…
certificate of deposit
or time deposit
18 terms
Chapter 10 Terms MFOLEY
short-term needs
long-term needs
scholarships
student loans
expenses beyond your regular monthly items
expenses that are costly and require years of planning and sa…
cash allowances awarded to students to help pay education costs
money that is borrowed for your education in loan form
short-term needs
expenses beyond your regular monthly items
long-term needs
expenses that are costly and require years of planning and sa…
21 terms
Math vocabulary
Discretionary expenses
Liabilities
Checking account
Net worth
An expense that people decide for themselves whether to spend…
What the business owes to others (debts)
An account at a bank against which checks can be drawn by the…
total assets minus total liabilities
Discretionary expenses
An expense that people decide for themselves whether to spend…
Liabilities
What the business owes to others (debts)
16 terms
saving
direct deposit
automatic payroll
compound
interest
____ involves an employer or financial institution placing yo…
having money withheld from your paycheck and sent directly to…
interest drawn on the sum of the original principal plus intr…
money that is paid for the use of money
direct deposit
____ involves an employer or financial institution placing yo…
automatic payroll
having money withheld from your paycheck and sent directly to…
34 terms
accouting 13
Salary
pay period
pay roll
total earnings
money paid to employees, services
period covered by a salary payment. weekly 2 weeks once a month
total amount earned by all employees for a pay period
total pay due from a pay period, before deduction
Salary
money paid to employees, services
pay period
period covered by a salary payment. weekly 2 weeks once a month
20 terms
Personal Finance Vocabulary
APR ( Annaul Percentage Rate )
401(k)
Assets
Balance
Interest paid on a card
savings plan for retirement
what you own of have paid for
exising amount in your account
APR ( Annaul Percentage Rate )
Interest paid on a card
401(k)
savings plan for retirement
35 terms
FBLA Accounting 2
general ledger
contra account
Sales - Darts and Sales Tax Payable
Sales Tax Payable, Sales - Infants, an…
A ledger that contains all accounts needed to prepare financi…
An account that reduces a related account on a financial stat…
Wriston Billiards and Darts sells equipment and supplies for…
Small Ones Outfitters sells infant and toddler clothing to la…
general ledger
A ledger that contains all accounts needed to prepare financi…
contra account
An account that reduces a related account on a financial stat…
25 terms
Life after high school
short-term needs
Long-term needs
sinking fund
principal
expenses beyond regular monthly item
expenses that are costly and take years of saving
a way to save when you have a large purchase coming up
the amount of money you deposit into a saving account
short-term needs
expenses beyond regular monthly item
Long-term needs
expenses that are costly and take years of saving
29 terms
Algebra W/ Finance Vocabulary
checking account
check
electronic funds transfer (EFT)
payee
an account at a bank that allows a customer to deposit money,…
a written order used to tell a bank to pay money (transfer... fu…
the process of moving funds electronically... from an account in…
the receiver of the transferred funds
checking account
an account at a bank that allows a customer to deposit money,…
check
a written order used to tell a bank to pay money (transfer... fu…
16 terms
saving
direct deposit
automatic payroll
compound
interest
____ involves an employer or financial institution placing yo…
having money withheld from your paycheck and sent directly to…
interest drawn on the sum of the original principal plus intr…
money that is paid for the use of money
direct deposit
____ involves an employer or financial institution placing yo…
automatic payroll
having money withheld from your paycheck and sent directly to…
45 terms
Chapter 8
Group health plan(GHP)
Rider
Carve out
Open enrollment period
Plan of employer or employee organization to provide healthca…
Document modifying an insurance contract
Part of a standard health plan changed under an employer-spon…
Time when a policyholder selects from offered benefits
Group health plan(GHP)
Plan of employer or employee organization to provide healthca…
Rider
Document modifying an insurance contract
24 terms
Accounting final vocab
Acccounting equation
Adjusting entries
Balance sheet
Chart of accounts
An equation showing hte relationship among assets, liabilitie…
Journal entries recorded to update general ledger accounts at…
Financial statement that reports assets, liabilities , and ow…
A list of accounts used by a business
Acccounting equation
An equation showing hte relationship among assets, liabilitie…
Adjusting entries
Journal entries recorded to update general ledger accounts at…
35 terms
Accounting Vocab. for Final
accounts receivable ledger
sales tax
sales journal
cash sale
A subsidiary ledger containing all accounts for charge custom…
tax on a sale of merchandise or services
A special journal used to record only sales of merchandise on…
A sale in which the customer pays for the total amount of the…
accounts receivable ledger
A subsidiary ledger containing all accounts for charge custom…
sales tax
tax on a sale of merchandise or services
56 terms
Managerial Accounting Final Exam
(Financial) Accounting
Financial Accounting vs. Managerial Ac…
how can a company "make" money and not…
Why does a company need to make a prof…
the process of keeping the financial score for the entity
- Financial: external uses of finacial statements; follow GAA…
The company keeps its books on the accrual basis which follow…
To reward the stockholders for taking the investment risk
(Financial) Accounting
the process of keeping the financial score for the entity
Financial Accounting vs. Managerial Ac…
- Financial: external uses of finacial statements; follow GAA…
27 terms
ACCOUNTING Final
Qing Wei invests $9,000 cash in the bu…
Insurance of $800 is paid for the year.
Supplies of $2,000 are purchased on ac…
Cash of $7,500 is received for service…
Debit cash. Credit owners capital
Debit Prepaid insurance. Credit Cash
Debit Supplies. Credit Accounts Payable
Debit Cash. Credit Service Revenue
Qing Wei invests $9,000 cash in the bu…
Debit cash. Credit owners capital
Insurance of $800 is paid for the year.
Debit Prepaid insurance. Credit Cash
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