Here is a list of the most commonly used acronyms in the payroll industry.
ACH |
Automated Clearing House |
ADA |
Americans with Disabilities Act |
AEIC |
Advanced Earned Income Credit |
CF/SF |
Combined Federal/State Filing Program |
COBRA |
Consolidated Omnibus Budget Reconciliation Act |
DBA |
Doing Business As |
DOL |
Department of Labor |
DOR |
Department of Revenue |
EE |
Employee |
EEOC |
Equal Employment Opportunity Commission |
EFT |
Electronic Funds Transfer |
EFTPS |
Electronic Federal Tax Payment System |
EIC |
Earned Income Credit |
EIN |
Employer Identification Number |
ER |
Employer |
ERISA |
Employee Retirement Income Security Act |
FICA |
Federal Insurance Contributions Act |
FIT |
Federal Income Tax |
FLSA |
Fair Labor Standards Act |
FMLA |
Family & Medical Leave Act |
FTP |
File Transfer Protocol |
FUTA |
Federal Unemployment Tax Act |
ICESA |
Interstate Conference of Employment Security Agencies |
IRS |
Internal Revenue Service |
MAGI |
Modified Adjusted Gross Income |
MMREF |
Magnetic Media Reporting & Electronic Filing |
MSA |
Medical Savings Account |
NACHA |
National Automated Clearing House Association |
NAICS |
North American Industrial Code System |
OASDI |
Old Age Survivors, Disability Insurance |
OFI |
Originating Financial Institution |
OSHA |
Occupational Safety and Health Administration |
PIN |
Personal Identification Number |
POA |
Power of Attorney |
POP |
Premium Only Plan |
PTO |
Paid Time Off |
QTD |
Quarter-to-Date |
SIC |
Standard Industrial Code |
SIT |
State Income Tax |
SS |
Social Security |
SSA |
Social Security Administration |
SSN |
Social Security Number |
SUI |
State Unemployment Insurance |
SUTA |
State Unemployment Tax Act |
TEFRA |
Tax Equity Fiscal Responsibility Act |
TFB |
Taxable Fringe Benefit |
TIN |
Taxpayer Identification Number |
VPD |
Variable Pay by Department |
YTD |
Year-to-Date |
3PSP |
Third Party Sick Pay |
Comments
0 comments
Please sign in to leave a comment.