pay period
time duration, typically a week, half a month, or a month, within which the amount a worker has earned is determined so that the worker can be paid properly.
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pay period The amount of time over which an employee is paid.
payee The person or business to whom a check is written or a note is payable.
back pay The salaries and wages from a prior pay period. back taxes Any outstanding taxes not paid when due. back testing The process of optimizing a trading strategy using historical data and then...
Nonfarm payrolls represent the total number of US employees on the payroll of businesses during the pay period which includes the 12th of the month.
Gross income is usually figured either by multiplying your hourly wage by the number of hours you worked during the pay period, or by dividing your annual salary by the number of pay periods in the year.
Definition: A bond that does not pay periodic interest to the bondholder over its term as an ordinary bond does.
Ask your employer to directly deposit $192 each pay period into your IRA (assume bi-weekly) and consider using your tax refund money if you need to get a quick bump.
This is the result regardless of whether a specific portion of the minister's compensation is designated for employee expenses or whether the portion of the compensation to be treated as the expense allowance varies from pay period to pay period ...
A type of debt security that does not pay periodic interest. Zero coupon securities are bought and sold at prices that are less than the par value of the securities.
A bond that does not pay periodic interest payments. Instead, interest is added to the principal balance of the bond and is either paid at maturity or, at some point, ...
For example, if the employee's pay period ended on December 31 and your paychecks are issued a week later, you could deduct the amount for that last pay period of the year.
A standard coupon bond, on the other hand, is designed to be sold for some par value, pay periodic coupon payments equal to a percentage of that par value, and then return the par value to the investor at maturity.
Some of your paychecks probably have deductions taken out during certain pay periods. For example, money for transportation could be taken out of the first paycheck of the month.
A Dependent Care Reimbursement Account allows employees to set aside part of their salary each pay period on a pre-tax basis to reimburse eligible expenses incurred for the care of their child or other dependent who is physically or mentally ...
Issuers like these securities as well because they don't have to pay periodic interest. Instead, the interest accrues during the term of the bond so that the total interest when combined with the principal equals the full par value at maturity.
A form of limited pay, where the pay period is a single large payment up front. These policies typically have fees during early policy years should the policyholder cash it in.
Interest Sensitive ...
DISCOUNT SECURITIES - 1. Securities that do not pay periodic interest. Investors earn the difference be...
DISCOUNT WINDOW - a figurative expression referring to the Federal Reserve facility for extending credi...
The minimum amount which must be earned in any pay period before National Insurance becomes payable.
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11. Explain the specific conditions and requirements of employment, including hours, pay, pay periods, holiday pay, sickness provisions, pension, medical benefits, lateness etc.
The payroll bank account is a special bank account a company uses only for the purpose of paying employees by depositing in the account each pay period an amount equal to the total employee’s net pay and drawing the employees’ ...
ZERO-COUPON BONDS " A bond sold at a substantial discount which does not pay periodic interest.
ZERO-PLUS-TICK " See: Up-tick.
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MID PERIOD TRANSFER - Occurs when an employee transfers to a new agency in the middle of a pay period other than the 1st working day after the end of pay cycle.
Payroll Deductions
Payments that are deducted from an employee's paycheck and transferred or invested elsewhere (e.g., the employee's 401(k) program or a mutual fund account). Typically, a fixed amount is automatically deducted every pay period.
If you have any problems with the allotment process, your servicing finance office can assist you. By setting up the allotment, you will take money out of your paycheck each month, every pay period, or each week, and add it to your initial deposit.
districts, companies and many other types of institutions sell bonds. When an buys bonds, he or she is lending money. The seller of the bond agrees to repay the principal amount of the loan at a specified time. Interest-bearing bonds pay periodically.
are calculated by a payroll specialist and the appropriate paychecks are issued. Companies often use objective measuring tools such as timecards or timesheets completed by supervisors to determine the total amount of payroll due each pay period.
coupon rate The annual interest rate that an issuer promises to pay periodically over the life of a bond or other debt security, expressed as a percentage of face value.
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