13 Terms
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Payroll
Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.
Industry: Accounting
Add a new termContributors in Payroll
Payroll
annual wage reporting (AWR)
Accounting; Payroll
Social Security Administration’s system of recording wages reported annually by employers on Form W-2.
statutory nonemployees
Accounting; Payroll
Special groups of workers who may qualify as common law employees but are treated under the law as independent contractors (e.g., qualified real estate agents and direct sellers) whose compensation ...
taxpayer identification number (TIN)
Accounting; Payroll
social security number or employer identification number, which serves as the taxpayer’s account number with the IRS.
wage orders
Accounting; Payroll
State agency directives that set wage and hour standards, usually for specific industries.
paycard
Accounting; Payroll
Stored-value debit cards funded by employers with employees' pay. Workers can access their pay by using the cards to withdraw cash or make purchases.
withholding
Accounting; Payroll
Subtracting amounts from an employee’s wages for taxes, garnishments or levies, and other deductions (e.g., medical insurance premiums, union dues). These amounts are then paid over to the ...
substitute forms
Accounting; Payroll
Tax forms that are printed by private printers rather than the Internal Revenue Service. They must meet certain specifications to be acceptable for filing.
