Vocabulary
Total amount earned before taxes.
What is gross pay?
Year-to-Day turns to zero
What is January 1st.
pays for roads, schools, and safety
What are taxes
Take home pay.
What is net pay?
Higher amount earned in a pay period
What is Gross Pay?
Health insurance, Dental, retirement
Benefits
Money for Social Security and Medicare
The smaller amount in a pay period
What is net pay?
who takes your taxes, not your neighbor
Company you work for.
Total amount earned from Jan 1st to today
YTD (year-to-date)
Getting extra money for doing a good job
What is a Bonus?
Larger amount on a pay stub, not pay period
What is Year-to-date?
Money taken out for taxes, insurance or savings
What is deduction
Deduction for social security and Medicare
What is Fica
Working longer than scheduled
Overtime