Payroll

Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Industry: Accounting

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Payroll

Financial Accounting Standards Board (FASB)

Accounting; Payroll

The group that sets the standards for sound financial management.

Equal Employment Opportunity Commission (EEOC)

This federal agency is responsible for administering and enforcing the Civil Rights Act of 1964, the Age Discrimination Act of 1967, the Americans With Disabilities Act of 1990, and the Equal Pay Act ...

Form W-4P

Accounting; Payroll

Withholding Certificate for Pension or Annuity Payments; allows retired employees to have input into the amount of federal income tax withheld from a pension or annuity.

Age Discrimination in Employment Act of 1967 (adea)

Accounting; Payroll

Federal law that prohibits employment discrimination on the basis of an individual’s age (40 or older).

Consolidated Omnibus budget Reconciliation Act of 1985 (COBRA)

Accounting; Payroll

Federal law that requires employers with group health care coverage to offer continued coverage to separated employees and other qualifying beneficiaries.

Form W-4S

Accounting; Payroll

Request for Federal Income Tax Withholding From Sick Pay; filed when an employee receives sick pay from a third-party insurer due to a disabling non-job related injury; the employee uses the form to ...

Federal Unemployment Tax Act (FUTA)

Accounting; Payroll

Requires employers to pay a certain percentage of their employees’ wages (up to a maximum wage limit) as a payroll tax to help fund unemployment compensation benefits for separated employees.