20 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
per diem rates
Accounting; Payroll
a flat daily rate that an employer may give to its employees for overnight travel, meals and incidentals expenses, rather than requiring employees to substantiate actual expenses. Employees must ...
related corporations
Accounting; Payroll
A group of corporations meeting certain common ownership and concurrent employment requirements that may be treated as one employer for social security, Medicare, and FUTA purposes.
health savings account (HSA)
Accounting; Payroll
A high-deductible health plan coupled with a personal savings account that's used to accumulate funds for qualified medical expenses.
short term assignment
Accounting; Payroll
A job assignment that is realistically expected to and in fact does last less than 12 months.
long-term assignment
Accounting; Payroll
A job assignment that is realistically expected to last more than 12 months.
qualifying event
Accounting; Payroll
A job-related event that triggers application of a federal or state law or workplace policy. Relating to COBRA benefits, a qualifying event, such as job separation, leads to the employee’s right to ...
garnishment
Accounting; Payroll
A legal notice authorizing an involuntary transfer of an employee’s wages to a creditor to satisfy a debt.
