Employee Statement of Earnings Flashcards

This set of vocabulary flashcards defines the specific earnings, taxes, deductions, and accruals found on the Statement of Earnings for Jakeisha Sierra Bowers from Deborah M. Williams DDS Inc.

SOC SEC EE

Social Security Employee tax amount, recorded as $69.44$ for the current period and $340.86$ year-to-date.

MED EE

Medicare Employee tax amount, recorded as $16.24$ for the current period and $79.72$ year-to-date.

FEDERAL WH

Federal withholding tax amount, which is $19.12$ for the current period and $91.69$ year-to-date.

ARKANSAS WH

Arkansas state withholding tax amount, which is $23.81$ for the current period and $115.86$ year-to-date.

ZayZoon

A deduction from earnings totaling $206.00$ for the current period and $1,630.00$ year-to-date.

Gross Pay

The total amount of money earned before any taxes or deductions are applied, which is $1,137.00$ for this period.

Net Pay

The final amount of the check after all taxes and deductions have been subtracted, totaling $781.63$.

Regular Rate

The hourly rate of pay for the employee, which is $17.7500$.

PTO Balance

The remaining balance of Paid Time Off leave accrual, which is currently $43.55$.

Filing Status

The tax filing category for both federal and state filings, which for Jakeisha Sierra Bowers is Head of Household.