8 Terms
Home > Industry/Domain > Accounting > Payroll
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
supper money
Accounting; Payroll
The irregular and occasional payment of amounts to employees who work late to cover the cost of meals eaten during that extra working time.
employment tax e-file system
Accounting; Payroll
The IRS (Internal Revenue Service) system for electronically filing Forms 941 and 940 to report taxable wages.
filing information returns electronically (FIRE)
Accounting; Payroll
The IRS’s system for filing information returns (e.g., Forms 1099 MISC), electronically.
minimum wage
Accounting; Payroll
the lowest amount that an employer can pay its employees per hour under federal or state law.
regulations
Accounting; Payroll
The means by which government agencies administer and enforce laws (e.g., rules issued by the IRS to enforce the tax laws).
social security
Accounting; Payroll
The Old Age, Survivors and Disability Insurance (OASDI) component of FICA,
flexible benefits
Accounting; Payroll
The option to choose from a menu of benefits offered by an employer.
