Chapter 12 Accounting 1 Cengage

Federal tax paid for health insurance. (1.45%)

• Social Security Tax

• Medicare Tax

• payroll deduction

• payroll taxes

Amount withheld from earnings.

• withholding allowance

• accumulated earnings

• commission

• payroll deduction

Hourly amount to an employee.

• salary

• commission

• pay period

• wage

Pay employees based on percentage of sales.

• commission

• wage

• salary

• payroll taxes

Business form used to record details of employee's earnings.

• payroll register

• withholding allowances

• employee earnings record

• payroll deduction

Fixed annual sum of money - 48,000 per year.

• wage

• salary

• commission

• net pay

Summarizes earnings, deductions, and net pay for all employees.

• payroll register

• employee earnings record

• accumulated earnings

• payroll taxes

Total amount earned by all employees

• net pay

• wage

• payroll

• salary

Deductions from total earnings.

• withholding allowance

• payroll taxes

• payroll deduction

• accumulated earnings

Number of days or weeks covered by paycheck.

• payroll deductions

• payroll

• payroll register

• pay period