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