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