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

kiosk

Accounting; Payroll

A centrally located, specialized workstation located for easy employee access, where employees can inquire about and modify their payroll and personal data, as well as view company-provided ...

business standard mileage rate

A cents-per-mile figure issued annually by the IRS. Reimbursements for employee transportation expenses incurred while using their vehicles for business are not included in income up to the business ...

per diem

Accounting; Payroll

A daily expense payment, usually made for travel, food and/or transportation.

pretax deduction

Accounting; Payroll

A deduction taken from gross pay that reduces taxable wages.

medicare

Accounting; Payroll

A federal hospital insurance program for individual age 65 or older and some disabled persons. It is funded through the hospital insurance (HI) component of FICA tax.

automated clearing house (ACH)

Accounting; Payroll

A Federal Reserve Bank or private financial institution acting on behalf of an association operating a facility that serves as a clearinghouse for direct deposit transactions. Entries are received ...