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15 mar 2023 · Knowing payroll terms and acronyms will help you manage payroll processes. Processing payroll requires a broad range of knowledge. Payroll terminology includes information related to compensation, deductions, taxes, benefits, and compliance.
25 paź 2023 · Learn how to distinguish payroll codes meant to describe specific tax deductions from the abbreviations used to represent all the adjustments and additional pay applied to an employee’s regular earnings.
Confused about a specific term or acronym? Solve the mysteries of terminology with this informative resource. Updated regularly with industry-specific vocabulary and concepts, the Glossary provides easy-to-understand definitions of tax-related terms. Search for a term: Or, select a letter below.
Use OnPay’s payroll-related glossary with simple definitions of acronyms, payroll terms, and phrases small business owners should know.
Common abbreviations in payroll . Gross Wages/Salary: The total amount earned in the pay period before any deductions, including PAYG. Net Pay: The amount you receive after all deductions including PAYG, or other deductions for salary sacrifice, child support or union fees for example.
22 sty 2021 · To get rid of confusion, break down what each abbreviation and acronym stands for. Not only will you find out what “SSN” is, but you can also decode your earning and deduction abbreviations on your pay stub.
12 maj 2024 · Employees and small business owners need to know how to read pay stubs for income verification, taxes, and record-keeping. What is included on a pay stub? What do OASDI, GTL, FIT, YTD, and FICA stand for?
