payroll dictionary
 

Payroll Dictionary: V

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W-2 Form
A form used to report gross pay and tax deductions for each employee to the IRS for a calendar year.

W-4 Form
A form on which an employee declares the amount of federal tax deductions to be deducted from her/his salary.

W-9 Form
A form issued to a company's contractors and suppliers requesting they specify their own form of legal organization and tax identification number.

Walsh-Healey Public Contracts Act of 1936
A federal act that obligates government contractors to comply with the government's minimum wage and hour limits.

Workweek
A fixed and recurring period of 168 hours.

Workers' Compensation Benefits
Employer-paid insurance that provides employees with wage compensation if they are injured on the job.

 

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