Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Chpt 12 Accounting

TermDefinition
Accumulated Earnings The Employee's year-to-date gross earnings.
Commission An amount paid to the employee based on a percentage of the employee sales.
Deduction An amount that is subtracted from an employee's gross earnings.
Direct Deposit Depositing net pay directly into an employee's personal bank account through electronic funds transfer.
Electronic Badge Readers An electronic device that scans the magnetic strip containing employee information on an employee's identification badge and then transfers the information directly to a computer.
Employee's earnings Record A record prepared for each employee that contains all payroll information related to the employee; it is kept on a quarterly basis.
401 (k) Plan A voluntary payroll deduction from earnings; the employee does not pay income tax on the amount contributed until the money is withdrawn from the plan, usually after age 59 1/2
Gross Earnings The total amount of money an employee earns in a pay period; also called gross pay.
Net Pay The amount left after total deductions have been subtracted from gross earnings.
Overtime Rate Pay rate employers are required to pay certain employees covered by state and federal laws; the Fair Labor Standards Act of 1938 sets the rate at 1 1/2 times the regular hourly rate after 40 hours per week.
Pay Period The amount of time over which an employee is paid.
Payroll A list of the employees and the payments due to each employee for a specific pay period.
Payroll Clerk An employee responsible for preparing the payroll.
Payroll Register A form that summarizes information about employees' earnings for each pay period.
Piece Rate A rate of pay based on the number of items produced.
Salary A fixed amount of money paid to an employee for each pay period.
Time Card A record of the time an employee arrives at work, leaves work, and the total number of hours worked each day.
Wage An amount of money paid to an employee at a specified rate per hour worked.
Withholding Allowance An allowance in individual claims on a Form W-4; it is used to calculate the amount of income tax withheld from an employees paycheck.
Created by: 237518