employee forms
determines the percentage of gross pay which will be withheld for taxes
W4
retirement savings plan sponsored by an employer
The amount of earnings before payroll deductions
Gross Income
taxes required on specific goods or services like fuel, tobacco, and alcohol
Excise taxes
way employees are paid via a piece of paper
Paycheck
proves you are eligible to work in the United States
Person to set aside after-tax income up to a specified amount each year
Roth IRA
take home pay is your gross income minus payroll deductions
Net Pay
what tax rates range from 10% to 35%
Federal Income Tax
Pay sent directly to the employees bank account
Direct Deposit
filled out by your employer. Shows your taxable income
W2
employers funded plan when an employee receives regular payments in retirement
Pension
Employees who is paid for each hour worked
Wages
payroll tax to fund retirement programs
FICA (Federal insurance contribution act)
Helps users pay bills online
Pay Card
taxpayers use this to file their annual income tax returns
1040
when a company offers extra additions to a job
benefits
Pay expressed annually or monthly
Salary
Federal income taxes, State income taxes social, and security taxes are what type of tax deduction
Mandatory deduction
A document included each pay period which outlines paycheck deductions
Paycheck stub