Payroll

Payroll

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

Industry: Accounting

Add a new term

Contributors in Payroll

Become a Contributors

Payroll

Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)

Accounting; Payroll

Significant tax cut legislation enacted in 2001 that reduced income tax rates and increased pension plan elective deferrals.

Form W-2c

Accounting; Payroll

Statement of Correct Income and Tax Amounts; form that must be completed by an employer if an incorrect copy of a W-2 has been sent to the SSA.

Family and Medical Leave Act of 1993 (FMLA)

Accounting; Payroll

Law guaranteeing 12 weeks’ unpaid leave to most employees to care for newborn or newly adopted children, or to deal with a serious illness or injury suffered by the employee or an ailing child, ...

Health Insurance Portability and Accountability Act (HIPAA)

Accounting; Payroll

Law passed in 1996 restricting the right of group health plans to limit participation by newly hired employees and their dependents because of preexisting medical conditions.

Uniform Interstate Family Support Act (UIFSA)

Accounting; Payroll

Model state child support enforcement law under which employers must put into effect a child support withholding order from another state’s child support enforcement agency if the order appears ...