National Payroll Week Crossword Puzzle

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National Payroll Week Crossword Puzzle

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QUESTIONS LIST:

  • minimum wage : the lowest amount that an employer can pay its employee per hour
  • gross up : formula employers can use to determine the taxable gross payment when covering the employee's share of the taxes
  • net pay : the amount of money left after all deductions are subtracted from gross earnings paid to an employee
  • withholding tax : the amount of income taxes withheld when a salary is paid
  • fringe benefit : compensation other than wages that may be taxable or non-taxable
  • accrual : short-term liabilities (taxes, wages, etc.) after the cash value has been determined, but before it is transferred.
  • garnishment : a legal proceeding authorizing an involuntary deduction from wages to a creditor to satisfy a debt.
  • salary : a fixed amount of money paid to an employee for each pay period
  • gross wages : total wages paid to an employee before taxes and deductions
  • general ledger : a document containing the debit and credit accounts of a business