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Paychecks
Forms
Taxes
Presidents
Definitions
100
Federal Income tax, state income tax, medicare, pension, health insurance
What are some examples of paycheck deductions?
100
W-2 form
What is another name for Wage and Tax Statement?
100
State income tax
What is the tax that is paid to New Mexico?
100
President Lyndon B. Johnson
Who signed Medicare into law?
100
Dependent
What is a person who relies on a taxpayer for financial support?
200
Gross pay
What is the total amount of money earned during a pay period?
200
Determines how much pay should be withheld for taxes.
What is the purpose of the W-4 Form?
200
Public Education, Social Security, Police and fire departments, Postal Service, Armed forces, Medicare
Name five ways tax money is used.
200
Franklin D. Roosevelt
Which President signed the Social Security Act?
200
Federal Insurance Contributions Act
What does the abbreviation FICA stand for?
300
FICA
What is the act that allows the federal government to reserve a percentage of a paycheck for social security tax?
300
Total annual income and the portion withheld for taxes in a given year.
What information does the W-2 Form give?
300
April 15
What is the official deadline for filing a federal income tax return?
300
August 14, 1935.
When did Social Security become law?
300
Net Pay
What is the take-home pay left after all paycheck deductions have been made?