Chapter 12 Vocab Flashcard

Front

Amount paid per hour worked

Back

wage

Front

Fixed annual sum divided among pay periods.

Back

salary

Front

Method of paying employees based on sales generated, calculated as a percent of sales.

Back

commission

Front

Total amount paid for an employee’s work (wage, salary, commission).

Back

total earnings

Front

Days/weeks of work covered by an employee’s paycheck.

Back

pay period

Front

Total earnings by all employees for a pay period.

Back

payroll

Front

Accounting staff role that compiles payroll data and posts transactions.

Back

payroll clerk

Front

Device recording employee arrivals and departures.

Back

time clock

Front

Taxes based on payroll.

Back

payroll taxes

Front

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

Back

withholding allowance