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 NY
What is $16 per hour
This is a retirement savings plan that your employer will also contribute to
What is a 401K plan?
This tax is deducted to help our governor run our New York police, roads, schools, fire department, 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 33-40 hour per week
What is Full time?
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 your W-4 form
This tax is used for your town or city to help pay for snow removal, trash collection, playgrounds, libraries, etc.
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 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 when you work less than 32 hours per week
What is part time work?
This is section on your paystub that may give your an updated record of your earned or used sick time, personal time, vacation time.
What is PTO Paid time off?
This tax is not on pay stub but you pay every time you purchase anything. In NY it is 8.875%
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/overtime Pay?
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.