Payroll Glossary - W
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Wage Assignment: A voluntary agreement by an employee to transfer portions of future wage payments (e.g., insurance premium deductions, credit union deductions).
Wage Attachment: An involuntary transfer of an employee's wage payment to satisfy a debt.
Wage-bracket Withholding Method: A procedure for calculating the amount of federal income tax to be withheld from an employee's wages based on wage-bracket tables classified by the employee's marital status and payroll period.
Wage Continuation Sheet: A periodic report (e.g., quarterly) from employers to state unemployment agencies containing employees. names, total wages, and unemployment taxable wages.
Wage-Hour Law: See .Federal Wage-Hour Law..
Wage Orders: State agency directives that set wage and hour standards, usually for specific industries.
WAN: Wide Area Network.
WC: Workers. Compensation.
Web-Enabled Application: An application that uses the Internet as another means of accessing an organization's data and the HRMS application logic itself.
White Collar Employees: In the context of the Federal Wage-Hour Law, these are executive, administrative, professional (including computer-related professionals), or outside sales employees who are exempt from the law's minimum wage, overtime pay, and certain recordkeeping requirements.
Wide Area Network (WAN): A network in which information is transmitted over long distances.
Withholding: Subtracting amounts from an employee's wages for taxes, garnishments or levies, and other deductions (e.g., medical insurance premiums, union dues). These amounts are then paid over to the government agency or other party to whom they are owed.
Work-sharing Plan: An agreement to reduce some employees. hours to avoid laying off other employees. Those employees whose hours were reduced receive partial unemployment benefits.
Worker Classification: The process of determining whether an individual performing services for a business is either an employee or an independent contractor.
Worker Classification Settlement Program: A process that allows IRS agents and businesses to resolve worker classification cases as early in the enforcement process as possible with a settlement of past liabilities and an agreement to treat the workers as employees in the future.
Workers' compensation:Provides medical expenses and lost of income for the injured worker.
Workstation: In the context of computers, a powerful personal computer that is generally faster than a standard PC.
Workweek: The basis for determining an employee's regular rate of pay and overtime pay due under the Fair Labor Standards Act. It can be any consecutive 7-day (168-hour) period chosen by the employer