The employee’s full name, address, and Social Security number.
What is personal information
100
Writes tax laws
What is US Congress
100
The length of time for which an employee’s wages are calculated.
What is pay period
100
Do not forget these when WRITING out a check stub
What is the dollar signs
100
Form of payment is the most secure
What is Direct Deposit
200
The percentage deducted from an individual’s paycheck to assist in funding government agencies within the state.
What is State Withholding Tax
200
someone who relies on the taxpayer for financial support
What is dependent
200
The total amount of money earned during the pay period before deductions
What is gross pay
200
The most important thing to remember when calculating social security and medicare deducitons
What is to convert the percent to a decimal
200
numerous fees that can be charged for using the payroll card
What is disadvantage of a payroll card
300
The amount required by law for employers to withhold from earned wages to pay taxes.
What is Federal Withholding Tax
300
Federal and State Income Tax are paid on
What is earned income
300
The amount of money left after all deductions have been taken from the gross pay earned in a pay period
What is net pay
300
Subtracting the ______ pay and the ______ calculates the net pay
What is gross, deductions
300
A federal act that protects payroll card holders
What is Regulation E
400
This is the nation’s retirement program.
What is Social Security
400
What two deductions are included within the Federal Insurance Contribution Act (FICA)?
What is Social Security and Medicare
400
Amount of money subtracted from the gross pay earned in a pay period.
What is deductions
400
The ______ ______ goes in the top right corner of a check stub.
What is net pay
400
Form of payment involves the most fees
What is Payroll Card
500
Totals all of the deductions which have been withheld from an individual’s paycheck from January 1 to the last day of the pay period indicated on the paycheck stub.
What is Year-to-Date
500
Collects federal taxes, issues regulations and enforces tax laws
What is Internal Revenue Service or IRS
500
Two separate taxes
Social Security and Medicare
What is FICA or Federal Insurance Contribution Act
500
Calculate the gross pay of someone who gets paid on salary $50,000 a year being paid bi-weekly
What is $1,923.08
500
3 methods of paying employees
What is Paper Paycheck, Direct Deposit, and Payroll card