Taxes, Taxes, Taxes
This tax funds retirement and disability benefits for American.
What is Social Security?
This is the total amount earned before any deductions.
What is gross pay?
This type of form must be filled out if you performed additional duties or may have even covered a class for another teacher while they were out.
What is a Claim Form?
Employees here at FEH BOCES receive a paycheck typically twice each month on these dates.
What are the 15th and 30th?
The form you fill out to determine your tax withholding.
What is a W-4?
This is your actual take-home pay after taxes and deductions.
What is net pay?
This is the most secure and fastest way to get paid.
What is Direct Deposit?
This is the fixed amount of money you earn annually, usually divided into paychecks throughout the school year.
What is a salary?
This acronym stands for Federal Insurance Contributions Act.
What is FICA?
This abbreviation tells you what you've earned so far this year.
What is YTD (Year to Date)?
True or False: Claim forms can be processed without supervisor approval and signature.
What is FALSE?
This annual form summarizes your earnings and taxes withheld to help you file your taxes.
What is a W-2?
Think of this as your paycheck’s “field trip” money—set aside by your employer and sent straight to the IRS and state.
What is withholding?
These are deductions taken before taxes, like insurance or 403(b) contributions.
What are pre-tax deductions?
This is the number of times your health insurance deductions come out of your paycheck each school year.
What is 18?
What is the Payroll Schedule?
This is the money quietly taken from your paycheck to help keep our schools, including BOCES programs, running smoothly with public funds.
What are taxes?
Another common name for Direct Deposit, referring to the electronic transfer system used by banks.
What is ACH?
Bonus points if you know what ACH stands for?
Payroll usually needs this many days in advance to process your hours, deductions, and claim forms before payday.
What is 4 to 5 days?