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All terms in this list:

Salary: a fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages. Implies a degree of professionalism and/or autonomy.

Pay period: Pay period covered by a salary payment

Payroll: total amount earned by all employees for a pay period

Total earnings: 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 earnings for each person legally supported by a tax payer including the emplyee

Social security tax: a federal tax paid for old-age survivors, and disibilty insurance

Medicare Tax: A federal tax paid for hospital insurance

Tax base: maximum amount of earnings on which tax is calculated

Payroll register: A business form used to record payroll information

Net pay: What remains from gross pay after taxes and other deductions have been taken away

Emplyee earnings record\: a business form used to record details affecting payments made to an emplyee

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Definitions from Wiktionary under the GNU FDL.
Sentences copyrighted by their respective publishers.
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