Accounting Fundamentals: Payroll
Benefits - ANS-additional employee reimbursement which may be monetary in nature
Employee Earnings Records - ANS-report which presentations the history of an worker's payroll,
reflecting earnings, deductions and worker personal records; assists employees in presenting
proof to aid their employment claims while needed
Employee Net Pay - ANS-amount a person is paid after subtracting all taxes, mandatory
deductions and voluntary deductions
Employee Register - ANS-document or file used to store facts approximately payroll disbursals
for each pay length, such as all deductions and totals needed for widespread journal entries
Employee Withholdings - ANS-quantity of worker wages no longer protected within the
employee's paycheck due to tax withholdings and voluntary deductions along with retirement
plans and insurance
Employer Payroll taxes - ANS-payroll taxes which must be remitted through the organisation
including FICA taxes, country unemployment taxes and federal unemployment taxes
Gross Earnings - Companies - ANS-profits left over after subtracting cost of products offered,
administrative and different costs from internet income
Gross earnings - Individuals - ANS-overall profits earned in a 12 months earlier than any tax
deductions or modifications
I-nine Form - ANS-mandatory employer form for which ought to be completed to file the prison
employment eligibility of each worker
Overtime - ANS-time labored in extra of 40 hours according to week
Payroll - ANS-financial statistics which consist of the profits and withholdings of employees
Salary - ANS-normal, constant amount paid to an employee
Salary Expense - ANS-profits declaration expense item which reviews gross salaries earned by
using personnel
Time Card - ANS-file which statistics the amount of hours labored through an employee in a
specific term
W-2 Form - ANS-federal income tax form which employers report for every employee providing
records on annual wages earned, taxable income, taxes withheld and sure employee benefits
related to worker payroll
W-four - ANS-federal tax form completed via employees which determines the wide variety of
withholding allowances and other federal withholding tax conditions for every employee in the
course of a calendar 12 months
Wages - ANS-ordinary charge to an worker which can be made by way of an employer primarily
based at the wide variety of hours labored and an agreed-upon hourly charge
Benefits - ANS-additional employee reimbursement which may be monetary in nature
Employee Earnings Records - ANS-report which presentations the history of an worker's payroll,
reflecting earnings, deductions and worker personal records; assists employees in presenting
proof to aid their employment claims while needed
Employee Net Pay - ANS-amount a person is paid after subtracting all taxes, mandatory
deductions and voluntary deductions
Employee Register - ANS-document or file used to store facts approximately payroll disbursals
for each pay length, such as all deductions and totals needed for widespread journal entries
Employee Withholdings - ANS-quantity of worker wages no longer protected within the
employee's paycheck due to tax withholdings and voluntary deductions along with retirement
plans and insurance
Employer Payroll taxes - ANS-payroll taxes which must be remitted through the organisation
including FICA taxes, country unemployment taxes and federal unemployment taxes
Gross Earnings - Companies - ANS-profits left over after subtracting cost of products offered,
administrative and different costs from internet income
Gross earnings - Individuals - ANS-overall profits earned in a 12 months earlier than any tax
deductions or modifications
I-nine Form - ANS-mandatory employer form for which ought to be completed to file the prison
employment eligibility of each worker
Overtime - ANS-time labored in extra of 40 hours according to week
Payroll - ANS-financial statistics which consist of the profits and withholdings of employees
Salary - ANS-normal, constant amount paid to an employee
Salary Expense - ANS-profits declaration expense item which reviews gross salaries earned by
using personnel
Time Card - ANS-file which statistics the amount of hours labored through an employee in a
specific term
W-2 Form - ANS-federal income tax form which employers report for every employee providing
records on annual wages earned, taxable income, taxes withheld and sure employee benefits
related to worker payroll
W-four - ANS-federal tax form completed via employees which determines the wide variety of
withholding allowances and other federal withholding tax conditions for every employee in the
course of a calendar 12 months
Wages - ANS-ordinary charge to an worker which can be made by way of an employer primarily
based at the wide variety of hours labored and an agreed-upon hourly charge
