Taxes
Money or property donated to a qualified charity
Charitable contribution
The length of time for which an employee's wages are calculated
Pay Period
Total of all deductions which with help from an individuals paycheck from january to the last date
Year-to-date
A perk for fing benefit provided to employees on top of their salary and wages, overtime, retirement, vacation, and medical
Employee benefit
Tax credit available to people with a child under the age of 17
Child tax credit
Amount of money deducted from pay period
Deductions
The amount an employee contributes each pay period to a retirement plan often matched but the employer's 401k state or local
Retirement Plan
Any for of contributions an employee makes to their own benefit program
Employer contributions
IRS forms that are used to report various kinds of income
Schedules
Gross Pay
The amount taken from paycheck for medical benefits
Medical
Suffer work benefit employees are given who illness and injuries
Workers compensation
A filing status used by an unmarried taxpayer who pays over half the cost
Head of household
Lists the paycheck deductions as well as other important information
Paycheck Stub
Federal Withholding tax
Also called unemployment benefits A state provided insurance that pays money to individuals on a weekly basis when they lose their job and meet certain eligibility requirements
Unemployment insurance
A filing status used by a couple that is married at the end of the tax year
Married filling jointly
The amount of money left after all deductions have been taken from gross pay earned in pay period
Net Pay
The percentage deducted from an individuals paycheck to assist in funding government agencies within the state
State withholding tax
Reduction of liability allowed by congress for various purposes
Credits