Jobs & Income
This type of worker is hired by someone else and earns wages.
Employee
Total money earned before any deductions.
Gross
The date you actually receive your paycheck.
Date or Paydate
This federal tax helps pay for roads, schools, and military.
Income Tax
Getting paid directly into your bank account is called this.
Direct Deposit
This person hires others and pays them for work.
Employer
The amount of money you take home after deductions.
Net
The document that shows earnings and deductions.
Paystub
This tax funds Medicare and Social Security.
Payroll Tax
Voluntary deduction used to save for retirement.
401(k)
A set yearly amount of pay not based on hours worked.
Salary
Money taken from your paycheck for taxes or benefits.
Deductions
The specific time you worked, like May 1–May 15. Instead of a girl saying “That’s the end of the discussion. No debate. I said what I said.”
Period
Tax charged on goods when you buy something in a store.
Sales Tax
Optional deduction that covers doctor visits and medicine.
Health Insurance
Pay that depends on the number of hours you work.
Hourly
This government program provides money after retirement.
Social Security
The total amount earned since the beginning of the year.
YTD or Year to Date
Combined, Social Security and Medicare equal this percent.
7.65%
This digital method lets employers pay workers using apps like Venmo or Cash App.
Mobile
The lowest legal amount you can be paid per hour.
Minimum Wage
Government health insurance for older or disabled people.
Medicare
Earnings based on extra hours worked beyond 40
Overtime
This law allows unpaid leave for family or medical reasons.
FMLA or Family and Medical Leave Act
This type of insurance pays if you’re hurt at work.
Workers' Compensation