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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
  • 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 .
  • True or False. Employees pay taxes on their net pay.
    True
    False
  • EFT stands for
    electronic funds transfer
  • 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
  • The total paid to an employee each pay period is....
    gross pay
    goat pay
    grumble pay
    net pay
  • True or False. Hourly employees are paid a annual salary.
    True
    False
  • Pay you get when you are fired or laid off from a job.
    severence
    solid
    social
    security
  • EI stands for
    employement insurance
  • Bonus is.....
    part of a
    regular pay
    money given that is extra for good merit or job well done .
    retirement money
  • If you are doing a good job, the boss my give you a ______.
    raise
  • What does CPP stand for
    Canadian Pension Plan
  • 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