PUHSD ACCT 1-2 Chapter 12

The amount paid to an employee for every hour worked is called:

• wage

• pay

• rate of pay

• earnings

A fixed annual sum of money divided amount equal pay periods is called:

• earnings

• wage

• salary

• pay

A __________________ is a method of paying an employee based on the amount of sales the employee generates.

• wage

• rate

• salary

• commission

The total amount paid by a business for an employee's work, earned by a wage, salary, or commission is called:

• total earnings

• earnings

• salary

• wage

A _________ _________ is the number of days or weeks of work covered by an employee's paycheck.

• period

• pay period

• pay check

• payroll

The total amount earned by all employees for a pay period is called:

• payroll

• pay

• pay check

• pay period

The accounting staff position that compiles and computes payroll data and then prepare, journalizes, and posts payroll transactions is called:

• payroll

• pay period

• payroll clerk

• pay check

A __________ __________ is a device used to record the dates and times of every employee's arrival and departures.

• time clock

• clock

• payroll register

• earnings

Taxes based on the payroll of a business are called:

• sales tax

• federal taxes

• state taxes

• payroll taxes

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

• withholding allowance

• payroll deduction

• payroll earnings

• total deductions