Chapter 12 Payroll

A set amount of money paid to an employee each pay period is called

• salary
• wages
• commission
• overtime

An amount paid to an employee based on a percentage of the employee's sales is

• salary
• wages
• commission
• overtime

The total amount of money an employee earns in a pay period before deductions

• net pay
• gross pay
• book value
• overall wages

The number of days or weeks of work covered by an employee's paycheck.

• pay day
• payroll
• paycheck
• pay period

A record of the time an employee arrives and leaves each day is often kept on a 

• ledger card
• time manager
• clock document
• time card

The overtime rate for work over 40 hours is generally __________ times the regular rate of pay.

• 1
• 1.5
• 2
• 2.5

The taxes that MUST come out of every employee's paycheck are called

• required deductions
• voluntary deductions
• allowances
• FUTA

Amounts subtracted from pay are called

• overtime
• taxes
• deductions
• commissions

Employees state how many allowances they have on a form called

• 1099
• Federal Tax Refund Form
• W-4
• W-2

A separate record kept for each employee and all the pay they received throughout the year is

• payroll register
• employee earnings record
• W-4
• Employee pay stub