Front

Accumulated earnings

Back

The total gross earnings year to date for an employee.

Front

Commission

Back

A method of paying an employee based on the amount of sales the employee generates. Commissions are normally calculated as a percent of an employee’s sales.

Front

Direct deposit

Back

The payment of an employee’s net pay using electronic funds transfer.

Front

Employee earnings record

Back

A business form used to record details of an employee’s earnings and deductions.

Front

Medicare tax

Back

A federal tax paid for hospital insurance.

Front

Net pay

Back

Earnings paid to an employee after payroll taxes and other deductions.

Front

Pay period

Back

The number of days or weeks of work covered by an employee’s paycheck.

Front

Payroll

Back

The total amount earned by all employees for a pay period.

Front

Payroll deduction

Back

Any amount withheld from an employee’s gross earnings.

Front

Payroll register

Back

An accounting form that summarizes the earnings, deductions, and net pay of all employees for one pay period.