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| Amount of money paid for a specified quantity of labor |
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| Set amount of money paid for a set period of time worked |
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| Income paid as a percentage of sales made by a salesman |
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| Money paid by customers to those who provide services |
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| Compensation paid based on number of pieces or items produced |
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| Money paid in addition to base pay;reward for performance or a share of profit |
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| A form of payment to an employee |
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The deposit of funds directly into a bank account as a
form of payment. |
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A type of bank debit
card |
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Definition
receipt or piece of paper given with each salary
as a voucher that the salary was paid |
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Definition
a recurring length of time over which employee time is recorded
and paid |
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| Total amount of money earned during the pay period before deductions |
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| Amount of money left afterall the deductions have been taken from the gross pay earned in the pay period, aLa “taLE JPmE QaY” Deductions Money subtracted from gross pay for required taxes, employee insurance, and retirement benefits; may be voluntary or mandatory Federal withholding tax Amount required by law for employers to withhold (deduct) from earned wages to pay federal income taxes State withholding tax Amount DEDUCtED FRPm aO KODKVKDUaN’S income to assist in funding government agencies within the state |
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Definition
An expense subtracted from adjusted gross income when
calculating taxable income |
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Definition
A tax
levied by the United States Internal Revenue Service (IRS) |
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| Amount DEDUCtED FRPm aO KODKVKDUaN’S income to assist in funding government agencies within the state |
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Definition
The federal law which requires employers to withhold a
portion of employee wages and pay them to the government trust fund |
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| Amount an employee contributed each pay period to a retirement plan |
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| FICA employee benefits; Retirement, Survivor, Disability, Health Insurance |
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| AmPUOt taLEO FRPm tJE EmQNPYEE’S QaYCJECL FPR mEDKCaN BEOEFKtS |
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Definition
The
period beginning January 1st of the current year up until today's date. |
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| a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions: |
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| a tax by which the tax rate increases as the taxable base |
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Definition
a tax imposed in such a manner that the tax rate decreases as
the amount subject to taxation increases |
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Definition
legal document giving information required for
employment of certain people in certain countries |
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Definition
that an employer provides an employee each year indicating the
employee's wages, salary, and/or tips and the amount of tax withheld |
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A form completed by an
employee to indicate his or her tax situation |
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used to
provide documentation that a newly hired employee is authorized to work in the
U.S. |
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Definition
provide a clear example of how it
works and explain why it's an important concept in business, finance & investing. |
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Definition
The form issued
by all payers of interest income to investors at year's end |
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Definition
A form sent to
investors by investment fund companies. |
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Definition
form used to report to the IRS income
paid to an independent contractor |
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Definition
A document that individuals and some corporations must file with the IRS each
year |
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