PayChecks
Wages are deposited directly into your financial institution
direct deposit
Regular schedule that an employer pays an employee
pay period
Agreement between employee and employer
Employment
Money after taxes
Gross pay
Social Security is taxed at what percent
6.2%
YTD
Year to Date
FLMA
FMLA Family and Medical Leave Act
You work for someone you are an
employee
A check written to a worker
paycheck
Medicare is taxed at what percent
1.45%
Money taken out of your paycheck
Deduction
Fee that a person receives upon completion of a sale
Commission
A person or company that employs someone
employer
This is a tax that goes to medical care for people over 65
Medicare
What tax does an EMPLOYER have to exactly match
FICA Medicare and Social Security
Employee matches what you pay
SS and Medicare
Person that relies on someone else for support
Dependent
A set amount of pay
salary
This is a tax that benefits retirees, disabled, or a minor that lost a parent
Social Security
How are state and federal taxes determined
based on how much you make
Employee doesn't match these two manditory deductions
State and federal
Reloadable debit card in which a workers' pay is loaded
Payroll card
Wages earned before taxes
Gross pay
Your total tax bill
Tax liability
Three ways to get paid
Payroll card, paycheck, direct deposit