Acctg I - Ch 13
| Description: | Maplewood Rice Acctg Vocab Ch 13 |
| Category: | Accounting |
| Created by: | lrice@penncrest.org on 2009-04-07 |
| 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 |
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