Payroll v4 FA24

Front

Wage

Back

Amount paid to an employee for every hour worked

Front

Salary

Back

A fixed sum of money divided among equal pay periods

Front

Pay Period

Back

Number of days of weeks of work covered by an employee's paycheck

Front

What is Payroll?

Back

Total amount earned by all employees for a payroll period

Front

What are payroll taxes?

Back

Taxes based on payroll of a business (required by law)

Front

Withholding allowance

Back

A deduction from total earnings for each person legally supported by taxpayer and employer.

Front

Which one of these is not a way for a Company to do their payroll? Outsource, Software, Employer does themselves, Employee does it themselves

Back

Employee does it themselves

Front

What form must be provided yearly by your employer to each employee showing the total salary earned and the taxes withheld?

Back

W2

Front

Gross income

Back

An individual's income before taxes and adjustments

Front

Net Income

Back

Individual earnings after taxes, garnishments and contributions