Payroll Glossary

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Business Resources

401k

Administrative expense

Administrative expense

After-tax deduction

After-tax deduction

Allowances

Assessable earnings

Assessable earnings

Attendance record

Attendance record

Automated clearing house (ACH)

Automated clearing house (ACH)

Back pay (retroactive pay)

Back pay (retroactive pay)

Bankruptcy order

Bankruptcy order

Base pay

Benefits

Biweekly pay

Cafeteria Plan

Call-in pay

Cash distribution plan

Cash distribution plan

Casual employee

Casual employee

Cloud-based payroll

Cloud-based payroll

Commission

Compensation

Compensatory paid time off

Compensatory paid time off

Competency based pay

Competency based pay

Compressed work week

Compressed work week

Contract worker

Contract worker

Contractor

Cost of living allowance (COLA)

Cost of living allowance (COLA)

Deductions

Defined contribution pension plan

Defined contribution pension plan

Direct compensation

Direct compensation

Direct deposit

Disposable earnings / Disposable income

Disposable earnings / Disposable income

Double-time pay

Double-time pay

Earnings

Employee

Employee Retirement Income Security Act (ERISA)

Employee Retirement Income Security Act (ERISA)

Employer

Employer Tax Identification Number (EIN)

Employer Tax Identification Number (EIN)

Employment taxes

Employment taxes

Final earnings pension plan

Final earnings pension plan

Flat benefit pension plan

Flat benefit pension plan

Flexible Spending Account (FSA)

Flexible Spending Account (FSA)

Fringe benefits

Fringe benefits

Garnishment (Court-ordered deduction)

Garnishment (Court-ordered deduction)

Gratuity (tips)

Gratuity (tips)

Gross earnings

Gross wages / Gross pay

Gross wages / Gross pay

Group registered retirement savings plan

Group registered retirement savings plan

Health savings account (HSA)

Health savings account (HSA)

High-deductible health plan (HDHP)

High-deductible health plan (HDHP)

Holiday pay as you go (HPAYG)

Holiday pay as you go (HPAYG)

Hours worked

Human resource management system

Human resource management system

Income tax

Independent contractor

Independent contractor

Indirect compensation

Indirect compensation

Individual retirement account (IRA)

Individual retirement account (IRA)

Legal deductions

Legal deductions

Legislated benefits

Legislated benefits

Long-term disability (LTD) income

Long-term disability (LTD) income

Maternity top up

Maternity top up

Mileage reimbursement

Mileage reimbursement

Minimum age

Minimum wage

Net pay

Net taxable income

Net taxable income

Non-exempt employee

Non-exempt employee

Overpayment

Overtime pay

Paid time off

Pay in lieu of notice

Pay in lieu of notice

Pay period

Pay stub

Payroll

Payroll cycle

Pension

Per diem

Piece Rate

Process date

Regular employee

Regular employee

Reimbursement

Retroactive pay

Retroactive pay

Salary

Severance pay

Shift differential

Shift differential

Short-term disability income plan

Short-term disability income plan

Sick pay

Simplified employee pension (SEP)

Simplified employee pension (SEP)

Social Security Number (SSN)

Social Security Number (SSN)

Standard benefits

Standard benefits

Starting date

Statutory holiday

Statutory holiday

Tax

Taxable wages

Termination of employment

Termination of employment

Vacation pay

Voluntary deductions

Voluntary deductions

Wages

Withholding

Wrongful dismissal

Wrongful dismissal

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