Show:
Pay Periods
Types of Pay
Forms and Documents
tax terms
Miscellaneous
100
4
If you get paid weekly you will receive __________ checks per month in most months during the year.
100
hourly pay
A type of pay that is based on getting a set amount of money for a set amount of time is called
100
W-4
This is the form you must fill out when you get a job, and before you can be paid, it is also called an Employee Withholding Allowance Certificate
100
tax table
This is what we used in class to look up how much tax is owed for the year
100
April 15
the date you have to file your tax return, unless that day is a Sunday is
200
26
If you get paid bi-weekly you will receive _________ checks per year
200
Salary
a type of pay that is fixed every pay period, and does not change even if you work more hours
200
W-2
Your employer will send this to you at the end of the year, it lists your wages and taxes withheld for the year, also called a Wage and Tax Statement
200
tax refund
If your employer took off too much federal withholding tax from your paychecks you will get a
200
January 31
The date your employer has to send you your W-2 form is
300
24
If you get paid semi-monthly you will receive _________ checks per month
300
commission
This type of pay is based on a percentage of what you sell
300
1040EZ
This is the tax return we completed in class, and can be used by people who earn less than $100,000 and earn less than $1,500 of interest
300
FICA tax
the combination of social security and medicare tax is known as
300
Income
Salary, Tips, Interest are all examples of
400
you will receive 3 paychecks per month in 2 months during the year
The main advantage of getting paid bi-weekly rather than semi-monthly is
400
tips
Waiters and waitresses are paid by this method from customers
400
1040
This is tax form that people would use if they earn more than $100,000 or $1,500 in interest income.
400
audit
When the government checks your tax return for accuracy they are doing an _________
400
you will get a larger tax refund
The main advantage of claiming 0 allowances rather than 1 on your W-4 form is
500
each paycheck will be larger (net-py)
The main advantage of getting paid semi-monthly rather than bi-weekly is
500
piece rate
this type of pay is based on what you produce, and is found in factory or production environments
500
1099
This is the form that your bank will send you stating how much interest you earned last year
500
year-to-date
The YTD on your pay stub stands for
500
you will get more net pay on each check
The main advantage of claiming 1 allowance rathern 0 on your W-4 form is