Accounting 2- Chapter 12 Payroll

Paid to the employee as a percentage of the employee's sales.

• Salary

• Commission

• Net Pay

• Exemptions

An employee paid 1 1/2 times the regular wage is paid at a(n)

• Gross Pay

• Commission

• Overtime rate

• Special rate

If an employee has ____, the employer placed the employee's net pay into their personal bank account.

• direct deposit

• check book

• commission

• debit card

The individual who prepares the payroll

• debit officer

• payroll clerk

• auditor

• accountant

A list of employees in a business and the earnings due to each employee for a specific period of time is a(n) ____.

• credit/debit equation

• list

• payroll

• piece rate

An amount subtracted from gross earnings.

• deduction

• payroll

• incentive

• benefit

The amount of money actually received by the employee after all deductions are subtracted is called the ____.

• direct deposit

• commission

• gross pay

• net pay

The amount deducted from gross earnings for federal income tax each pay period depends on the total earnings, marital status, and the number of ____ an employee claims on Form W-4.

• exemptions

• deductions

• people

• benefits

The ____ is the total amount earned by the employee in the pay period. (2 words)

The year-to-date gross earnings of an employee.

• accumulated earnings

• commission

• pay rate

• overtime