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An employee earnings record is a record of how an employee's pay is calculated, for each pay period during the year, with a running year-to-date total.
Calculate net pay: The employee earnings record tells you each employee's net pay, which is the amount they'll take home in a given pay period after taxes. The employee earnings record shows how much is deducted from gross pay and for which taxes, so that employees always know how their take-home pay is determined.
An employee earnings record is a record of how an employee's pay is calculated, for each pay period during the year, with a running year-to-date total. The employee earnings record include the following information and calculations for each paycheck.
By subtracting total deductions from total earnings. Why do companies complete employee earnings records? Because a business must send a quarterly report to federal and state governments showing employee taxable earnings and taxes withheld from employee earnings.
A payroll register is a record of all pay details for employees during a specific pay period. The payroll register lists information about each employee for things such as gross pay, net pay, and deductions.
A key reason why payroll should be precise is that employees are required to file their income tax return with the federal and state government by mid-April of each year. The employee uses her W-2 form to file her tax return -- the form showing her earnings and taxes withheld for the year.
Definition: An employee earnings report is a record that details an employee's payroll history. These reports often have columns totaling how many employee hours were worked, their net pay, gross pay, deductions from payroll, and other year-to-date payroll information.
FINANCE. (also statement of earnings) an official statement that gives details of a company's profit or loss for a particular period: quarterly/half-year/interim earnings statement Shares dropped more than 2.7% after a takeover offer didn't emerge in the interim earnings statement.
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