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Paychecks 1
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Taxes 1
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100

The length of time for which an employee’s wages are calculated.

What is a pay period?

100

Three ways an employee can be paid.

What is paycheck, direct deposit, payroll card?

100

The amount of money earned in a pay period.

What is gross pay?

100
What is a dependent?
What is a person that relies on the taxpayer for financial support
100
Which is higher - gross or net pay?
What is gross pay
200

The most common method of paying employees.

What is direct deposit?

200

It is the most secure way to be paid.

What is direct deposit?

200

The amount the employee takes home.

What is Net Pay?

200
What percentage is taken from gross pay for social security?
What is 6.2%
200
What is net pay?
What is the amount paid after deductions
300

The amount withheld from wages for national government needs.

What is Federal Tax ?


300

 The amount withheld to fund government agencies in the state.

What is the State Withholding Tax?

300

What does FICA stand for?


What is the Federal Insurance Contribution Act?

300
How much of gross pay is withheld for Medicare?
What is 1.45%
300
What is Medicare?
What is health insurance for the retired and disabled
400

It determines the amount of taxes to be withheld from an employee's paycheck.

What is Form W-4?

400

 YTD in full.

What is Year To Date?

400

Part of the paycheck with records of deductions.

What is a paycheck stub?

400
What 3 forms does everyone complete when beginning a new job?
What is W-4 and I-9 and IT 2104
400
What are the two deductions under the FICA heading?
What is social security and Medicare
500

The employment eligibility verification form.

What is the I-9 form?

500

 The highest deduction on your paycheck.

What is Federal Tax?

500

The least secure method of payment.

What is paycheck?

500
Give two examples of of documentation for the I-9 form
What is birth certificate, driver's license, passport, or social security card or school ID
500

Is a social security card required to receive a paycheck?

What is yes