| Direct deposit | | A tax levied on employers to raise funds to administer the federal/state unemployment compensation program. |
| Employee | | An electronic funds transfer system for making federal tax deposits. |
| Employee earning record | | A tax levied on employers to raise funds to pay unemployment benefits. |
| Fair Labor Standards Act (FLSA) | | Requires employers to pay overtime at 1.5 times the regular rate to any hourly employee who works over 40 hours in a week. |
| FICA taxes | | A tax on the earning of a self-employed person at double the Social Security and Medicare rates. |
| Gross pay | | An employee’s total earnings |
| Independent Contractor | | A number that identifies the employer on all payroll forms and reports filed with IRS. |
| Net pay | | Insurance carried by employers for employees who suffer a job-related ill or injury. |
| Payroll processing center | | Compensation for managerial or administrative services. |
| Payroll register | | Payroll taxes withheld to provide Social Security and Medicare benefits. |
| Salary | | Gross pay less mandatory and voluntary deductions. |
| Wage-bracket method | | Taxes levied on employers at the same rates and on the same earnings bses as the employee FICA taxes. |
| Wages | | Payment is made by direct deposit or electronic funds transfer by the employer to the employee’s bank. |
| Withholding allowance | | A business that sells payroll record-keeping services. |
| Electronic Federal Tax Payment System (EFTPS) | | Compensation for skilled or unskilled labor. |
| Employer FICA taxes | | The net income of a trade or business run by an individual. |
| Employer Identification Number (EIN) | | A form used to assemble the data required at the end of each payroll period. |
| Experience-rating system | | Employers use this to determine the amount of tax to be withheld from an employee's pay. |
| FUTA (Federal Unemployment Tax Act) tax | | Performs a service for a fee and does not work under the control and direction of the company paying for the service. |
| Self-employment income | | A specific dollar amount of an employee’s gross pay that is exempt from federal income tax withholding. |
| Self-employment tax | | A separate record of each employee's earnings. |
| SUTA (State Unemployment Tax) tax | | works under the control and direction of an employer. |
| Workers’ compensation insurance | | A system to encourage employers to provide regular employment to workers. |
