Payroll

Payroll

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

Industry: Accounting

Add a new term

Contributors in Payroll

Become a Contributors

Payroll

Internal Revenue Service restructuring and Reform Act of 1998

Accounting; Payroll

Law enacted in 1998 to reform the governance structure of the IRS to make it more responsive to taxpayers and to promote electronic filing of information.

Family and Medical Leave Act of 1993 (FMLA)

Accounting; Payroll

Law guaranteeing 12 weeks’ unpaid leave to most employees to care for newborn or newly adopted children, or to deal with a serious illness or injury suffered by the employee or an ailing child, ...

Consumer Credit Protection Act (CCPA)

Accounting; Payroll

Federal Law that restricts the amount of an employee’s earnings that can be garnished to pay creditor debts, including child support.

Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)

Accounting; Payroll

Significant tax cut legislation enacted in 2001 that reduced income tax rates and increased pension plan elective deferrals.

Form W-2c

Accounting; Payroll

Statement of Correct Income and Tax Amounts; form that must be completed by an employer if an incorrect copy of a W-2 has been sent to the SSA.

Statement to Correct Information; a form used to make adjustments to Form 941 when taxes have been under or over withheld ; explains the nature of the adjustment and shows the erroneous and correct ...

Related corporations

Accounting; Payroll

A group of corporations meeting certain common ownership and concurrent employment requirements that may be treated as one employer for social security, Medicare, and FUTA purposes.