Paychecks
Taxes
Getting Paid
Important Documents
Random
100

This term defines how much is being taken out of your paycheck in taxes. 

What is withholding?

100
This is the name of the government agency that collects Federal Taxes.
What is the IRS (Internal Revenue Service)
100
This is a way of getting paid in which you do NOT receive a paper check. Instead, the money you earned is automatically put into your bank account at each pay period.
What is Direct Deposit?
100
This is the form you must fill out before starting a new job
What is W-4
100

Someone under the age of 19 who is financially supported by a parent/guardian is called a what?

What is a dependent?

200

This part of your paycheck lists your name, social security #, address, deductions, how much you've paid YTD, etc.

What is Paycheck Stub

200

Your Federal Taxes are determined by these 2 things...

What is Your Income and W4 Form

200
This is the total amount of money earned before deductions.
What is Gross Pay
200
What is the purpose of a W-4 form? What does it determine?
What is the amount of taxes that should be taken out from your gross pay.
200

This is the day all tax returns are due.

What is April 18th.

300
These are the 3 ways an employer may pay his/her employees:
What is Paper Paycheck, Direct Deposit, and Payroll Card
300

This is the day that your employer is required to send you the W2 form. 

What is January 31st

300
This is the amount of money left over after all deductions have been taken out of your earnings.
What is Net Pay
300

This is a form you fill out when filing a tax return.

What is the 1040

300
This is what FICA stands for
What is Federal Insurance Contribution Act
400
The benefit of this payment method is if you do not have an actual bank account, you can still receive your earnings. This method is best for people who are "unbanked"
What is Payroll Card
400
If you made this amount of money in UNEARNED income, you are legally required to file a tax return.

What is $1,100

400
This is the name for the length of time for which an employee's wages are calculated (can be weekly, bi-weekly, monthly)
What is Pay Period
400
This form is a statement that you receive in January that states the amount of money you earned in the past year and taxes paid
What is W-2
400

What 2 deductions make up FICA?

What are Social Security & Medicare

500

What are the FOUR deductions taken out of everyone's paycheck?

What are: Federal Withholding, State Withholding, Social Security, Medicare

500

If you made more than this amount in earned income, you are legally required to file a tax return. 

What is $12,950

500
Calculate how much you would receive as your Gross Pay if you worked 45 hours in a pay period, and you make $8.25 an hour.
What is $371.25
500
This form verifies that you are eligible to work in the U.S. You complete this form before beginning a new job. The purpose of the form is so that businesses do not hire undocumented workers.
What is I-9
500

Melissa makes $20 an hour and worked 40 hours this week. 5 of those hours were overtime where she gets paid time and a half. Calculate her gross pay. 

What is $850

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