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Acctg I - Ch 13
Maplewood Rice Acctg Vocab Ch 13
Question | Answer |
---|---|
The money paid for employee services | salary |
The period covered by a salary payment | pay period |
The total amount earned by ALL employees for a pay period | payroll |
The total pay due for a pay period before deductions | total earnings |
Taxes based on the payroll of a business | payroll taxes |
A deduction from total earning for each person legally supported by a taxpayer | withholding allowance |
A federal tax for old-age, survivors, and disability insurance | social security tax |
A federal tax paid for hospital insurance | Medicare tax |
The maximum amount of earning on which a tax is calculated | tax base |
A business form used to record payroll information | payroll register |
The total earnings paid to an employee after taxes and other deductions | net pay |
A business form used to record details affecting payments made to an employee | employee earnings record |