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Chapter 13- Tiburcio
Question | Answer |
---|---|
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 |