Accounting - Chapter 12

A deduction from total earnings for each person legally supported by a taxpayer, including the employee.

• Payroll taxes
• Withholding allowance
• Social security 
• Medicare

A federal tax paid for hospital insurance

• Social Security tax
• Payroll tax
• Medicare tax
• Federal income tax

A business form used to summarize payroll information

• Payroll register
• Journal
• Employee earnings record
• Work Sheet

The total pay due for a pay period before deductions

• Gross Earnings
• Gross Pay
• Total Earnings
• All of the above

The money paid for employee services

• Tax base
• Payroll
• Salary
• Time clock

The total amount earned by all employees for a pay period

• Payroll taxes
• Salary
• Net earnings
• Payroll

The maximum amount of earnings on which a tax is calculated

• Tax base
• Salary
• Total earnings
• Accumulated earnings

A federal tax paid for old-age, survivors, and disability insurance

• Medicare tax
• Federal income tax 
• Social security tax
• Unemployment tax

Taxes based on the payroll of a business

• Payroll taxes
• Social security tax
• Income taxes
• Medicare taxes

The period covered by a salary payment

• Tax base
• Net pay
• Pay period
• Pay date