Payroll Accounting

The money paid to employees monthly

• salary

• payroll taxes

• wages

• total earnings

Money paid to employees weekly

• Cash

• Salary

• Tax

• Wages

Total pay due for a pay period before deductions

• net pay

• gross pay

• withholding allowance

• salary

Tags

CCSS.7.RP.A.3

Total pay due after deductions

• net pay

• social security tax

• gross pay

• tax base

Tags

CCSS.7.RP.A.3

Personal Life Insurance is a

• Statutory deduction

• Non-statutory deduction

Business form used to record payroll information

• Non-Statutory Deduction

• Statutory Deduction

Social security contribution is a

• Statutory deduction

• Non-statutory deduction

Income Tax is a

• Non-Statutory Deduction

• Statutory Deduction

Deductions that an employer has to make by law from employees gross pay are

• Statutory deductions

• Non-statutory deductions

Payments to trade unions are statutory deductions

• True

• False