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Payroll

Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.

Contributors in Payroll

Payroll

Other compensation

Accounting; Payroll

Compensation not subject to federal income tax withholding that an employer must report on an employee’s W-2.

Fringe benefits

Accounting; Payroll

Compensation other than wages provided to an employee such as health and life insurance, vacations, employer-provided vehicles, public transportation subsidies, etc., that may be taxable or ...

Nonresident alien

Accounting; Payroll

An individual from a foreign country working in the U.S. who does not pass either the “green card” or “substantial presence” residency test, but is subject to federal income tax on U.S. source ...

Employee

Accounting; Payroll

An individual who performs services for another individual or an organisation in return for compensation.

Social security number

Accounting; Payroll

An individual’s taxpayer identification number, it consists of nine digits.

Longer-term care assistance

Accounting; Payroll

An insurance contract providing for coverage of qualified long-term care services, including diagnostic, preventive, treating, mitigating and rehabilitative services, which is treated as an accident ...

Internal legal memorandum (ILM)

Accounting; Payroll

An interpretation of a point of tax law designated for internal use by the IRS.

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