General Stuff
A list of the employees and the payments due to each employee for a specific pay period.
What is payroll?
Amount of time over which and employee is paid
What is pay period?
An employee responsible for preparing the payroll.
What is a payroll clerk?
Is calculated by mutiplying the number of units produced by a rate per unit
What is piece-rate or piece-work pay system
A fixed amount of money paid to an employee for each pay period.
What is salary?
Established overtime pay for more than 40 hours worked in a week.
What is the Fair Standards Labor Act?
the total amount of money an employee earns in a pay period
What is gross earnings?
Annie makes an annual salary of $36,500 and is paid bi-monthly. What is her gross pay for each pay period?
What is $1,520.83?
Daily Double -- Kim is paid an annual salary of $28,680. She is paid every other week. What is her gross pay each pay period?
What is $1,103.08?
An amount of money paid to an employee at a specific rate per hour worked.
What is wage?
Social Security Tax and Federal Income Tax are all part of FICA.
What is false?
It provides the income and tax information needed to complete a federal income tax return 1040 form.
What is a W-2?
As an employee, which form is completed in order to file taxes annually?
What is a W-4?
If Kennedy worked 46 hours and her regular rate of pay is $7.50, what was her total gross pay?
What is $367.50
An amount paid to an employee based on a percentage of the employee's sales
What is commission?
Federal Income Tax, State Tax and FICA taxes.
What are involuntary withholdings?
$176,100 *****Daily Double*****
What is the current earnings limit subject to Social Security Taxes?
A complete listing of 1) all employees and their payroll calculations done each pay period by the employer and 2) The record on which each individual's pay information is recorded each pay period.
What is a payroll register and an employee earnings record?
Someone who relies on a parent or guardian for more than half of their financial support.
What is a dependent?
What you might say if your team doesn't win at Payroll Accounting Jeopardy.
What is " Are you kidding me? You mean we lost to them?"
If the number of allowances claimed is increased on a W-4 form, net pay in each paycheck will _____.
What is increased?