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

218 Agreement

Accounting; Payroll

An agreement between a state or local government employer and the state social security agency under which the employees are subject to social security and Medicare coverage.

457 Plan

Accounting; Payroll

An annuity or mutual fund that provides retirement income for employees of public sector employers (e.g., state and local governments).

Form W-5

Accounting; Payroll

Earned Income Credit Advance Payment Certificate; must be filed by employees who want to take advantage of advance EIC payments and which attests to their eligibility for the advance payments.

Employee’s Withholding Allowance Certificate; federal (or an equivalent state or local) form on which the employee states the number of withholding allowances he or she claims. The form is used by ...

Form 941

Accounting; Payroll

Employer’s Quarterly Federal Tax Return; provides the IRS with a report of each employer’s total taxable wage paid and payroll tax liability.

American with Disabilities Act (ADA)

Accounting; Payroll

Federal Act that broadly prohibits discrimination against individuals with disabilities who can perform the essential functions of a job with or without reasonable accommodation.