PUHSD Acct 1-2 Term 4 Vocab

Front

Retirement savings plan approved by the IRS with tax benefits

Back

qualified retirement plan

Front

Summarizes earnings, deductions, and net pay for all employees in one pay period.

Back

Payroll register

Front

Business form for recording employee earnings and deductions

Back

Employee earnings record

Front

Payment of an employee's net pay via electronic funds transfer

Back

direct deposit

Front

Max earnings for tax calculation

Back

tax base

Front

Action by a board of directors to distribute corporate earnings to stockholders.

Back

Declaring a dividend.

Front

Total gross earnings year to date for an employee

Back

Accumulated earnings

Front

Amount withheld from employee's earnings

Back

Payroll deduction

Front

Deduction from total earnings for each person supported by a taxpayer, including the employee.

Back

withholding allowance

Front

Taxes based on business payroll

Back

Payroll taxes