Payroll Tax Glossary

45 terms, A to Z.

#

• 401(k)

A

• Additional Medicare Tax
• Aggregate Method

C

• Credit Reduction State

D

• Dependent

E

• Effective Tax Rate
• Employer Payroll Taxes
• Exemption
• Experience Rating

F

• Federal Income Tax Withholding
• FICA
• Filing Status
• FIT
• Flat Rate Method
• Flexible Spending Account
• Form 940
• Form 941
• Form W-2
• Form W-4
• FUTA

G

• Gross Pay
• Gross-Up

H

• Health Savings Account

L

• Local Income Tax

M

• Marginal Tax Rate
• Medicare Tax

N

• Net Pay

O

• OASDI
• Overtime

P

• Paid Family Leave
• Pay Period
• Payroll Tax
• Pre-Tax Deduction
• Publication 15-T

S

• Sign-On Bonus
• Social Security Tax
• Standard Deduction
• State Disability Insurance
• Supplemental Wages
• SUTA
• SWT

T

• Tax Bracket
• Taxable Wages

W

• Wage Base
• Withholding Allowance