taxes
This tax deduction gets sent to Washington DC for our president and congress to run our country
What is Federal income tax
This gives you the amount of money you made BEFORE taxes are deducted.
What is gross pay?
Minimum wage in NJ
What is $15.49
This is a retirement savings plan that your employer will also contribute to
What is a 401K plan?
This form is given to you when you start a job. It determines your federal income tax. It takes into account is you are married or single and how many dependents you have. It also takes into account is you are paid weekly, biweekly, semi-monthly or monthly.
What is a W-4?
This tax is deducted to help our governor run our New Jersey police, roads, beaches, etc
What is state tax?
This gives you the amount of money you take home AFTER deductions are subtracted.
What is net pay?
This is when you work 35-40 hour per week
What is Full time?
This is a deduction that your employer takes out for doctors and hospitals
What is healthcare?
This deduction will be like membership dues for the career or craft you are working at.
What are union dues?
This tax is used for your town or city to help pay for snow removal, trash collection, playgrounds police fire ,
What is local tax?.
This column will give you the hours and regular rate you worked for a week.
What is regular pay?
This is when you work More than 40 hours per week
What is overtime?
This is a deduction that employees pay to belong to organization that bargains for them
What are union dues?
This column will tell you how much you have made since Jan 1 or how much of a certain deduction has been taken out since Jan 1
What is year to date?
This tax is deducted and used to help senior citizens and those with disabilities with health care.
What is medicare tax deduction?
Another name for withholdings
What is deductions?
This is what you multiple your regular rate by to determine your overtime rate.
What is 1.5?
This is what you subtract from gross pay to get net pay.
What is Total Deductions?
You will find this on your paystub and it will tell you the dates or date range that this paycheck is covering.
What is pay period?
This tax is not on pay stub but you pay every time you purchase anything. In NJ it is 7%
What is sales tax?
After deductions are subtracted from gross pay.
What is left is Net pay.
This is when you will get paid twice a much for working a holiday.
What is the Double time?
This is a progressive tax that varies based on income. The more income you make, the more tax you pay.
What is a federal tax?
This form you will fill out when you get hired so the payroll clerk knows how much deductions or what percentage to take out of your pay.
What is W-4 form?