Payroll Glossary - K
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KAC: Knowledge Assessment Calculator
Key Employee: In the context of certain fringe benefit plans, an officer or owner (of all or a significant
part) of a business whose annual pay exceeds a certain amount. Many benefits offered by employers do
not qualify for favorable tax treatment if they discriminate in favor of key employees. In the context of
the Family and Medical Leave Act, a high salaried employee who may not be entitled to reinstatement
after FMLA leave if doing so would cause the employer serious economic injury.
Kiosk: A centrally located, specialized workstation located for easy employee access, where employees can
inquire about and modify their payroll and personal data, as well as view company-provided informa-
tion.
Knowledge Assessment Calculator (KAC): Online tool for employees and managers with payroll-related
responsibilities to assess the employees. strengths and weaknesses and recommend training offerings
from the American Payroll Association that address those shortcomings.