a list of a company's employees and the amount of money they are to be paid for a specific pay period. It can also refer to the total amount earned by all employees for a pay period.

the number of days or weeks of work covered by an employees paycheck.

The total amount paid by a business for an employees work, earned by wage, salary or commission. Also called gross pay or total earnings.

A fixed annual sum of money paid to an employee divided among equal pay periods.

an amount of money paid to an employee at a specified rate per hour.

a record of the time an employee arrives at work, leaves work, and the total number of hours worked each day.

an electronic device that scans the magnetic strip containing employee information on an employee's identification badge and then transfers the information directly to a computer.

A method of paying an employee based on the amount sales an employee generates. Calculated as a percent of the employee's sales.

Rate of pay based on the number of items produced.

Pay rate employers are required to pay certain employees covered by state and federal laws; the Fair Labour Standards Act of 1938 sets the rate at 1 1/2 times the regular hourly rate after 40 hours per week.

an amount that is subtracted from an employee's gross earnings.

Employee-claimed exemptions on the tax form employers use to determine how much of an employee's pay to subtract from his or her paycheck to remit to the tax authorities.

a voluntary payroll deduction from gross earnings; the employee does not pay income tax on the amount contributed until the money is withdrawn from the plan, usually after age 59 1/2.

An accounting form that summarizes the earnings, deductions, and net pay information of all employees' earnings for one pay period.

earnings paid to an employee after payroll taxes and total deductions have been subtracted from gross earnings.

An automatic deposit of a paycheck without having to take a physical check to the bank. (done electronically).

a record prepared for each employee that contains all payroll information related to the employee; it is kept on a quarterly basis.

the employee's year-to-date gross earnings.

A device used to record the dates and times of every employee's arrivals and departures.

The accounting staff position that compiles and computes payroll data, then prepares, journalizes, and posts payroll transactions.