Money Earned
A system for compensating staff as a proportion of net sales
Commission basis
A charge imposed on employers and workers to cover the cost of their spouses' medical care once they reach the age of 65
Medicare tax
A worker who is employed by the employer and is subject to their supervision and guidance
Employee
All details about an employee's previous workers' compensation claims concerning any injuries that occurred on the job
Compensation Record
A record of the pay period's payroll data for each employee
Payroll Register
A procedure for paying employees at a specified rate per hour
Hourly Basis
Federal taxes assessed against companies for the purpose of helping jobless workers
Unemployment Taxes
A form used to claim exemption (withholding) allowances.
Employee Certificate W4
Independent Contracter
Rate of pay for labor a worker does for longer than 40 hours per week
Increased Pay Rate
A system for compensating staff based on the quantity of units generated
Piece-rate basis
A contribution made to employee wages under the federal insurance contributions act in order to provide retirement and disability benefits
Social Security Tax
Salaried personnel in management or supervisory roles who are exempt from the wage and hour laws' maximum hour and overtime compensation requirements
Exempt employees
An employee file that includes the data required to calculate wages and complete tax returns
Individual earnings record
Using a table given by the government, there is an easy way to calculate the amount of federal income tax that has to be withheld
Wage-bracket table method
A procedure for paying employees based on a weekly or monthly sum that has been agreed upon.
Salary Basis
Taxes imposed on companies by state government in order to help jobless employees
State unemployment Tax
Insurance that covers employees' losses from work related diseases or accidents, or pays out to their relatives if a worker passes away while on the job
Workers’ compensation insurance
A federal Law known as FICA that stipulates specific benefits for workers and their families
Social Security Act
Earnings that are higher than the social security act's base wage
Tax-exempt wages