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