Cha-Ching
Terms Smerms
Formal Forms
Acronyms
Odd & Ends
100
Paycheck, Direct Deposit, Payroll Card
What is the three methods a employer can pay a employee?
100
The total amount of money earned before deductions.
What is Gross Pay?
100
A piece of paper issued to an employee for payment of salary or wages
What is a paycheck?
100
PIN
What is personal indentification number?
100
31%
What is approximately the percentage deducted from a person's paycheck?
200
Most common pay method
What is a paycheck?
200
The amount of money after deductions; take home pay.
What is net pay?
200
Lists personal information and paycheck deductions.
What is a paycheck stub?
200
SS
What is Social Security?
200
Money collected and given to the government to run the country.
What are taxes?
300
On payday, the employee receives a paycheck stub, and knows exactly when his/her paycheck will be deposited and available for use.
What is direct deposit?
300
The length of time for which an employee's wages are calculated.
What is a pay period?
300
An employee fills this out so and employer knows how much to withhold for taxes.
What is a W-4 (Employee Withholding Allowance Certificate)?
300
IRS
What is Internal Revenue Service?
300
A person who relies on the taxpayer for support.
What is a dependent?
400
Newest method of payment. Money is electronically loaded onto them and funds are automatically deducted.
What is a payroll card?
400
The nation's retirement program
What is Social Security?
400
Used to verify the eligibility of individuals, and to prove they are who they say they are.
What is Form I-9?
400
ATM
What is automated teller machine?
400
The government agency responsible for collecting federal taxes and enforcing tax laws.
What is the IRS?
500
The most secure method, cannot be lost nor stolen.
What is direct deposit?
500
The nation's health care program for the elderly and disabled.
What is Medicare?
500
Payroll card users are protected through this regulation.
What is Regulation E (Electronic Fund Transfer Act)?
500
POS
What is point of sale?
500
Typically the largest deduction on an individual's paycheck.
What are federal taxes?
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