Module 9 Study Guide Flashcards
1
Q
Payroll accounting
A
Payroll accounting includes recording all aspects of employee compensation. This includes mandatory and voluntary deductions.
2
Q
salary
A
the stated rate that employees are paid.
3
Q
Wages
A
pay detailed at an hourly rate.
4
Q
Straight time
A
base hourly rate for 40 hours.
5
Q
Bonuses
A
pay above the base salary or hourly rate.
6
Q
Commission
A
pay detailed as a percentage of sales.
7
Q
Benefits
A
compensation not paid in money to the employee including insurance, paid time off, and retirement.
8
Q
Gross Pay
A
the amount of money you are promised either hourly, weekly or annually.
