Payroll

Payroll

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

Industry: Accounting

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Payroll

Health savings account (HSA)

Accounting; Payroll

A high-deductible health plan coupled with a personal savings account that's used to accumulate funds for qualified medical expenses.

Short term assignment

Accounting; Payroll

A job assignment that is realistically expected to and in fact does last less than 12 months.

Long-term assignment

Accounting; Payroll

A job assignment that is realistically expected to last more than 12 months.

A job-related event that triggers application of a federal or state law or workplace policy. Relating to COBRA benefits, a qualifying event, such as job separation, leads to the employee’s right to ...

Garnishment

Accounting; Payroll

A legal notice authorising an involuntary transfer of an employee’s wages to a creditor to satisfy a debt.

Independent contractor

Accounting; Payroll

A nonemployee contracted by a business to perform services. Although the business specifies the result of the work to be performed, it has not right to control the details of when, how, or who will ...

Base period

Accounting; Payroll

When dealing with unemployment compensation, it generally consists of the first 4 of the last 5 quarters immediately preceding the claimant’s benefit year.