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Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Contributors 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.

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