Pay Card
A credit card into which a company directly deposits an employee's net pay.
Payroll Cycle
The period of service for which a company compensates its employees.
Payroll Register
A report on which is summerized the wage and deduction information for
employees for a specific payroll.
Payroll Stabilization
A calculation used by states to determine the unemployment contribution rate to charge
employers. It links the contribution rate to fluctuations in a company's total payroll over time.
Per Diem
A fixed rate paid to employees traveling on behalf of business, which substitutes for reimbursement
of exact expenses incurred.
Personal Responsibility and Work Opportunity Reconciliation Act
A federal act requiring the reporting of new hires into a national database.
Piece Rate Plan
A wage calculation method based on the number of units of production completed by an employee.
Premium Grant
A non-qualified stock option whose option price is set substantially higher than the current fair market
value at the grant rate.
Profit Sharing Plan
A retirement plan generally funded by a percentage of company profits, but into which contrbutions can be made
in the absence of profits.
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