This is the form you must fill out before starting a new job.
What is a W-4?
100
This is the name of the government agency that collects Federal Taxes
What is the IRS (Internal Revenue Service)
100
This is a way of getting paid in which you do NOT receive a paper check. Instead, the money you earned is automatically put into your bank account at each pay period.
What is Direct Deposit
100
What is the most common tax form used by High school students.
What is 1040EZ
200
A form W-4 is used for this.
What is used to determine the amount of tax that should be taken out from your gross pay?
200
Your Federal Taxes are determined by this...
What is Your Income
200
This is the total amount of money earned before deductions.
What is Gross Pay
200
This part of your paycheck lists all of the deductions taken out of your paycheck.
What is Paycheck Stub
300
This is a document that you would need to obtain if you are 16 years old, and just getting your first job.
What is a Work Permit?
300
Taxes are deducted from our gross pay each pay period to pay for this. (multiple examples possible)
What are federal and state governmental agencies (any examples- local library, public roads, garbage collection, welfare, food stamps, etc.)
300
This is the amount of money left over after all deductions have been taken out of your earnings.
What is Net Pay
300
These are the 2 ways an employer may pay his/her employees.
What is Paper Paycheck & Direct Deposit
400
This form is a statement that you receive in January that states the amount of money you earned in the past year and taxes paid.
What is a W-2?
400
Medicare pays for their health insurance.
Who are the elderly & disabled?
400
This is the name for the length of time for which an employee's wages are calculated (can be weekly, bi-weekly, monthly).
What is Pay Period
400
Besides taxes, some other money is deducted from your gross pay for these things.
What is Social Security, Medicare, Medical Benefits, Retirement Fund, Pension,Savings, Union Dues, etc.
500
This form verifies that you are eligible to work in the U.S. You complete this form before beginning a new job. The purpose of the form is so that businesses do not hire undocumented workers.