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Chapter 13- Tiburcio

QuestionAnswer
salary money paid for employee services
pay period period covered by salary payment
payroll total amount earned by all employees
total earnings total pay due for a pay period before deductions
payroll taxes taxes based on the payroll of a business
withholding allowance deducations from total earnings for each person legally supported by a taxpayer
social security tax federal tax paid for old-age, survivors, and disability
Medicare Tax federal tax paid for hospital insurance
tax bases maximum amount of earnings on which a tax is calculated
payroll register business form used to record payroll information
employee earnings record business form used to record details affecting payments made to an employee
Created by: STFUartemis
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