PAYSTUBS & TAXES JEOPARDY
This is the total amount you earn before anything is taken out.
What is gross pay?
This federal tax helps fund things like national defense and federal programs.
What is federal income tax?
This form tells your employer how much federal income tax to withhold.
What is a W-4?
Money taken out of your paycheck for taxes or benefits is called this.
What are deductions?
This is the main form individuals use to file federal income taxes.
What is a 1040?
This is the amount you actually take home after deductions.
What is net pay?
This tax helps pay for retirees and disability benefits.
What is Social Security tax?
This form verifies you are legally allowed to work in the U.S.
Answer: What is an I-9?
What is an I-9?
This deduction helps pay for medical coverage.
What is health insurance?
The deadline to file taxes is usually this month.
What is April?
This shows how much you earn per hour.
What is hourly rate?
This tax helps fund Medicare health coverage.
What is Medicare tax?
This form reports your total wages and taxes at the end of the year.
What is a W-2?
This retirement savings plan is often offered by employers.
What is a 401(k)?
This is the term for money you owe if you didn’t pay enough taxes during the year.
What are taxes owed?
This shows how many hours you worked in a pay period.
What are hours worked?
These are the two main types of income taxes taken from most paychecks.
What are federal and state taxes?
This form is used if you are self-employed or an independent contractor.
What is a 1099?
This optional deduction helps protect your income if you cannot work.
What is disability insurance?
You can request extra time to file by submitting this.
What is a tax extension?
This is the date range your paycheck covers.
What is the pay period?
This is money you might receive back if too much tax was withheld.
What is a tax refund?
This number is used to identify you for tax purposes.
What is a Social Security number?
These deductions are taken out before taxes are calculated.
What are pre-tax deductions?
This term describes money you earn from working.
What is income?