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Payroll job vocabulary
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Payroll means...
The total record of earnings of all employees for a year
The financial records of a company relating to the payment
All of these answers are correct
The amount of money paid to all employees in a payday, as
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Net pay is the ....
amount of pay the employee can spend on fish at the market
amount of money an employee gets paid overall
amount of pay an employee gives the CRA
amount of pay an employee recieves after all deductions .
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True or False. Employees pay taxes on their net pay.
True
False
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EFT stands for
electronic funds transfer
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A weekly pay period results in
12 pay periods in a year
52 pay periods in a year
60 pay periods in a year
48 pay periods in a year
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The total paid to an employee each pay period is....
gross pay
goat pay
grumble pay
net pay
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True or False. Hourly employees are paid a annual salary.
True
False
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Pay you get when you are fired or laid off from a job.
severence
solid
social
security
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EI stands for
employement insurance
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Bonus is.....
part of a
regular pay
money given that is extra for good merit or job well done .
retirement money
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If you are doing a good job, the boss my give you a ______.
raise
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What does CPP stand for
Canadian Pension Plan
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Overtime is....
is not paid to salaried employees
the amount of time you spend on break at work.
deducted from your pay.
is the additional amounts paid to hourly employees who work
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