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Chapter 13 voca
chapter 13 vocabulary
| Question | Answer |
|---|---|
| Salary | the money paid for employee services |
| Pay Period | the period covered by a salary payment |
| Payroll | the total amount earned by all employees for a pay period |
| Total earnings | the total pay due for a pay period before deductions |
| Payroll taxes | taxes based on the payroll of a business |
| Withholding allowance | a deduction from total earingings for each person legally supported by a taxpayer, inculding the employee |
| Social security tax | a federal tax paid for old-age,survivors, and disability insurance |
| Mdeicare tax | a ferderal tax paid for hosptial insurance |
| Payroll register | a business from used to record a payroll information |
| Employee earnging record | a business from used to record detasils affecting payments made to an employee |
| Tax base | themaximum amount of earnings on which tax is calculated |
| Net pay | the total earning paid to an employee after payroll taxes, and other deductions |
Created by:
patsyherrera
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