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| The most common METHOD of getting paid. |
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| A retirement account you may choose to get but are not required by law to have. |
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| This is the money required by law for employers to withhold from gross pay for running the U. S. government. |
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| The rule that protects a payroll card holder from fraudulent charges on lost or stolen cards |
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| The agency that enforces the tax laws and collects the taxes. |
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| This pay period you will get paid twice a month, such as on the 15th and 30th. |
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| This is the largest expense most individuals will have to pay. |
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| A form you fill out when you begin work with a new employee. It tells your employer how much tax to take out of your gross pay. |
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| The Nation's health care program for the elderly and disabled that will provide hospital and medical insurance to those who qualify. |
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| When employees work a standard 5 day, 40 hour week schedule it is commonly known as a ? (3 words) |
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| This is the amount of money you "take home" after deductions. |
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| When you work less than 40 hours a week you are employed as a (2 words) employee |
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| This is a tax on all forms of earnings |
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A type of pay that is calculated as
Regular Pay PLUS 1/2 Regular pay.
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| The type of pay where you receive the same amount of pay each pay period no matter how many hours you work. |
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| The deduction from a person's gross pay to assist in funding state government agencies. |
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| The amount of time you have to report a lost or stolen payroll card so you are only responsible for $50 dollars of purchases made by the thief. |
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| Taxes that take a larger percentage of income from high income taxpayers. |
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| The COLUMN on a paystub that lists the total of all deductions which have been withheld from your paycheck from January 1 to the last day of the current pay period. |
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| The acronym for the law requiring Social Security taxes to be deducted from your gross pay. |
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| The NATION'S retirement program that helps provide retirement income for the elderly and pays disability benefits. |
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Term
| How many hours is considered a regular work DAY? |
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| The pay period where an employee gets paid every week. |
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| The pay period where the employee gets paid once a month. |
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| A payment METHOD electronically carries the balance of your net pay. The money is directly deposited into your account. |
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| A person that relies on another person for financial support. |
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| The payment METHOD where your paycheck goes directly into your account and you only receive a pay stub. |
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| This is one of the benefits an employer may provide but you are not required by law to get. |
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Definition
MEDICAL INSURANCE
or
401K |
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Term
| A form that verifies you are a U. S. citizen or a foreign citizen here legally. Filled out when you start a new job. |
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Term
| The total amount of money you earn during a pay period. |
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| The pay period where an employee gets paid every two weeks. |
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The day tax returns must be filed.
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| This form states the amount of money earned and taxes paid throughout the previous year. It must be mailed or given out by January 31st. |
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Term
| As income rises, this tax remains the same or decrease; examples are Social Security and state sales tax. |
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