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Group 3 Project #2

Horizontales
An entity defined by law as an individual, trust, estate, partnership, or corporation
Unemployment insurance system wherein the cost of unemployment benefits is spread among all employers in a particular state.
An exempt pre-payment for travel or other reasonable business expenses
Transactions recorded in the accounting system of a business
Amount of income tax withheld by payers of taxable interest, dividends, and certain other payments made to payees who have failed to furnish the payers with correct identification numbers
Any individual performing services for an employer in the legal relationship of employer and employee
Employer provided items like apple fritters and k-cup coffee
Employer provided items such as vehicles, vacations, tickets to the Lakers
Form sent to payroll dept, so new employees are properly added to payroll
When and employee is receiving payment for hours worked or for hours on an approved paid leave
Amount of supplemental payment so that after appropriate payroll Taxes are withheld, the net amount left is equal to the original intended payment
Legal or Equitable procedure by means of which a portion of the wage of any person must be withheld
Verticales
Gift or gratuity given by customer in recognition of service performed for them
Renumeration paid on a monthly, biweekly, semi-monthly or yearly basis.
A method of determining the amount of income taxes to be withheld by using the percentage method withholding tables provided by the IRS.
Payments deliberately made by employers to their state funds in order to qualify for a lower unemployment compensation tax rate.
Amount of money used to reduce an individuals AGI in computing taxable income.
Excess of the amount of employment taxes required to be deposited over the amount deposited on or before the last dates prescribed for the deposit.
Form which employee's time worked is recorded manually by the worker or automatically by a time clock.
Any person or organization who employs one or more individuals for the performance of services, unless such services or employment are specifically excepted by law.
Type of IRA which allows taxpayers to make nondeductible retirement contributions.
Process of conveying to employees the right to share in retirement fund in the event they are terminated before the normal retirement age