Home > Terms > English, UK (UE) > Online wage reporting service (OWRS)

Online wage reporting service (OWRS)

Method for reporting Form W-2 information electronically to the Social Security Administration.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Accounting
  • Category: Payroll
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Related terms

online wage reporting service (OWRS)
Accounting; Payroll

Method for reporting Form W-2 information electronically to the Social Security Administration.

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social security number or employer identification number, which serves as the taxpayer’s account number with the IRS.

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Stored-value debit cards funded by employers with employees' pay. Workers can access their pay by using the cards to withdraw cash or make purchases.

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Subtracting amounts from an employee’s wages for taxes, garnishments or levies, and other deductions (e.g., medical insurance premiums, union dues). These amounts are then paid ...

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