Sections:

Payroll Accounting, Page 3

Payroll Accounting: Key Concepts

The key terms in this section are: 

  • 401 (k) Plan 
  • Accumulated earnings 
  • Commission 
  • Deduction 
  • Direct deposit 
  • Electronic badge readers 
  • Employee earnings record 
  • Gross earnings 
  • Net pay 
  • Overtime rate 
  • Pay period 
  • Payroll 
  • Payroll clerk 
  • Payroll register 
  • Salary 
  • Time card 
  • Wage 
  • Withholding allowance