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