Chapter 12 Payroll

Front

A set amount of money paid to an employee each pay period is called

Back

salary

Front

An amount paid to an employee based on a percentage of the employee's sales is

Back

commission

Front

The total amount of money an employee earns in a pay period before deductions

Back

gross pay

Front

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

Back

pay period

Front

A record of the time an employee arrives and leaves each day is often kept on a

Back

time card

Front

The overtime rate for work over 40 hours is generally __________ times the regular rate of pay.

Back

1.5

Front

The taxes that MUST come out of every employee's paycheck are called

Back

required deductions

Front

Amounts subtracted from pay are called

Back

deductions

Front

Employees state how many allowances they have on a form called

Back

W-4

Front

A separate record kept for each employee and all the pay they received throughout the year is

Back

employee earnings record