This term defines how much is being taken out of your paycheck in taxes.
What is withholding?
Someone under the age of 19 who is financially supported by a parent/guardian is called a what?
What is a dependent?
This part of your paycheck lists your name, social security #, address, deductions, how much you've paid YTD, etc.
What is Paycheck Stub
Your Federal Taxes are determined by these 2 things...
What is Your Income and W4 Form
This is the day all tax returns are due.
What is April 18th.
This is the day that your employer is required to send you the W2 form.
What is January 31st
This is a form you fill out when filing a tax return.
What is the 1040
What is $1,100
What 2 deductions make up FICA?
What are Social Security & Medicare
What are the FOUR deductions taken out of everyone's paycheck?
What are: Federal Withholding, State Withholding, Social Security, Medicare
If you made more than this amount in earned income, you are legally required to file a tax return.
What is $12,950
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