Your Paycheck
This is the length of time for your paycheck. For example you get paid every two weeks.
What is pay period?
These two deductions fall under the FICA heading.
What is Social Security and Medicare?
The total amount of money earned in a pay period before withdrawals.
What is gross pay?
This person relies on the taxpayer for financial support and is claimed on the taxpayer's tax return.
What is a dependent?
Which is bigger - gross or net pay?
What is gross pay?
This number is required to receive a paycheck.
What is your social security number?
This is the amount withheld from wages and paid to the federal government.
What is Federal income tax?
This is the amount of pay you take home after withholdings.
What is net pay?
You receive this form your first day of work. You fill it out so your employer knows how much to withhold from your paycheck.
What is the W-4?
Which deduction is the highest percentage of paycheck deductions?
What is Federal Income Tax
This is when your paycheck is deposited directly into your bank account.
What is direct deposit?
What is the amount withheld to fund government agencies in your state?
What is State Income Tax?
This is what YTD stands for on your paystub.
What is year-to-date?
What is a W-2?
Mandatory withholding that pays for insurance for the elderly and disabled, which is called this.
What is Medicare?
What is the part of the paycheck statement that show the written record of deductions?
What is a pay stub?
This withholding is used to help cover your doctor visits.
What is health insurance?
Health insurance, taxes, and retirement contributions are examples of this.
What are withholdings (or deductions)?
You complete this form the first day of a new job to show you are legally allowed to work in the U.S.
What is the I-9?
This is the date you have to file your taxes by each year.
What is April 15?
This is the most secure way to be paid.
What is the direct deposit?
What is 401K?
Each paystub shows your gross pay and your net pay for the entire year. True or false?
What is true?
This is the tax form you file by April 15 each year to pay your taxes or request a refund.
What is Form 1040?
This is the abbreviation for the Federal Insurance Contribution Act.
What is FICA?