Chapter 10 153 Name: MATCHING Instructions: Match each of the statements below with its proper term. Some terms may not be used. H. gross pay A. defined benefit plan I. net pay B. defined contribution plan C. discount K. payroll register D. discount rate proceeds E. employee's earnings record M, quick assets F. FICA tax. N. quick ratio G. fringe benefits 1. A detailed record of each employee's earnings. 2. A multicolumn form used to assemble and summarize payroll data at the end of each payroll period. 3. A pension plan that promises employees a fixed annual pension benefit at retirement, based on years of service and compensation 4. Gross pay less payroll deductions; the amount the employer is obligated to pay the employee. 5. The net amount available from discounting a note payable. 6. pension plan that requires a fixed amount of money to be invested for the employee's behalf during the employee's working years. 7. Benefits provided to employees in addition to wages and salaries 8. The rate used in computing the interest to be deducted from the maturity value of a 9. The total earnings of an employee for a payroll period. 10. Cash, cash equivalents, and receivables that can be quickly converted into cash. 11. The total amount paid to employees for a certain period. 12. Federal Insurance Contributions Act tax used to finance federal programs for old-age and disability benefits (social security) and health insurance for the aged (Medicare). 13. A financial ratio that measures the ability to pay current liabilities within a short period of time. 14. The interest deducted from the maturity value of a