Ch 12 Glencoe Accounting Vocabulary Quiz

the amount of time over which an employee is paid

• pay period

• payroll

• pay me back

• calendar year

total amount of money an employee earns in a pay period

• net pay

• gross earnings

• take home pay

• payroll

an amount of money paid to an employee at a specified rate per hour work

• salary

• income

• wage

• paycheck

an amount paid based on a percentage of the employee’s sales

• wage

• salary

• income

• commission

1½ times the employee’s regular hourly pay rate

• undertime

• overtime

• extra income

• over and above

summarizes employees’ earnings for each pay period

• payroll list

• payroll history

• payroll register

• payroll report

a record of all payroll information for an employee

• employee pay history

• W4 report

• payroll register

• employee's earning record

the employees year-to-date gross earnings

• payroll register

• paycheck

• W4

• accumulated earnings

an amount subtracted from gross earnings

• deduction

• withholding allowance

• wage

• salary

net pay is electronically deposited in the employee’s bank account

• payroll card

• bank zap

• paycheck

• direct deposit