Shared Flashcard Set

Details

Week 2
By Kayla, Kate, and Mikayla
9
Finance
9th Grade
01/26/2012

Additional Finance Flashcards

 


 

Cards

Term
Gross Pay
Definition
Rate of pay before deductions are made
Term
Deduction
Definition
Amounts subtracted from gross pay
Term
Deductions can be required by...
Definition
Law
Term
Regular wages (salary) + overtime = ?
Definition
Gross Pay
Term
Gross pay - deductions = ?
Definition
Net Pay
Term
Required deductions include...
Definition
State, Federal, social security, and local taxes
Term
Tax tables
Definition
Determine tax withholding amounts
Term
W-4 statement
Definition
Amount of tax deducted or withheld from gross pay
Term
How much does NJ deduct of your gross pay?
Definition
3%
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