8 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
nonaccountable plan
Accounting; Payroll
An employer’s business expense reimbursement plan that does not meet the requirements regarding business connection, substantiation, and returning excess amounts. Payments made under the plan are ...
accountable plan
Accounting; Payroll
An employer’s business expense reimbursement plan that satisfies all IRS requirements regarding substantiation, business connection, and return of excess amounts in a reasonable period of time.
foreign housing cost exclusion
Accounting; Payroll
An exclusion from income for reasonable foreign housing expenses exceeding a base housing amount that is available to U.S. employees working abroad whose tax home is not in the U.S.
regular rate of pay
Accounting; Payroll
An hourly pay rate determined by dividing the total regular pay actually earned for the workweek by the total number of hours worked.
statutory stock option
Accounting; Payroll
An Incentive Stock Option or an option exercised under an Employee Stock Purchase Plan.
third-party designees
Accounting; Payroll
An individual authorized by an employer to correspond with the IRS regarding the completion and processing of an employment tax return (e.g., Forms 940, 941, 945).
nonresident alien
Accounting; Payroll
An individual from a foreign country working in the U.S. who does not pass either the “green card” or “substantial presence” residency test, but is subject to federal income tax on U.S. source ...
