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| Amount of money paid for a specified quantity of labor; ex: hour |
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| Set amount of money paid for a set period of time worked |
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| Income paid as a percentage of sales made by a salesman |
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| Money paid by customers to those who provide services |
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| Compensation paid based on number of pieces or items produced |
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| Money paid in addition to base pay;reward for performance or a share of profit |
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| A form of payment to an employee |
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| AO EmQNPYER DEQPSKtS tJE EmQNPYEE’S QaYCJECL DKRectly into the authorized EmQNPYEE’S DEQPSKtPRY KOStKtUtKPO aCCPUOt |
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| A prepaid card that is offered to employees as an alternative to paper paychecks or DKRECtNY DEQPSKtKOG WaGES KOtP aO EmQNPYEE’S DEQPStKPRY KOStKtUtKPO |
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| This part lists the paycheck deductions as well as other important information. |
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| Length of time for which an EmQNPYEE’S WaGES aRE CaNCUNatED |
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| Total amount of money earned during the pay period before deductions |
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| Amount of money left afterall the deductions have been taken from the gross pay earned in the pay period, aLa “taLE JPmE QaY” Deductions Money subtracted from gross pay for required taxes, employee insurance, and retirement benefits; may be voluntary or mandatory Federal withholding tax Amount required by law for employers to withhold (deduct) from earned wages to pay federal income taxes State withholding tax Amount DEDUCtED FRPm aO KODKVKDUaN’S income to assist in funding government agencies within the state |
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| Money subtracted from gross pay for required taxes, employee insurance, and retirement benefits; may be voluntary or mandatory |
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| Amount required by law for employers to withhold (deduct) from earned wages to pay federal income taxes |
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| Amount DEDUCtED FRPm aO KODKVKDUaN’S income to assist in funding government agencies within the state |
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| Federal Insurance Contributions Actfunds Social Security and Medicare. Social Security taXES aRE BaSED PO a Ã.À QERCEOtaGE PF tJE EmQNPYEE’S GRPSS KOCPmE. MEDKCaRE KS ¿.ÁÂ% of gross income. |
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| Amount an employee contributed each pay period to a retirement plan. |
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| FICA employee benefits; Retirement, Survivor, Disability, Health Insurance |
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| AmPUOt taLEO FRPm tJE EmQNPYEE’S QaYCJECL FPR mEDKCaN BEOEFKtS. |
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| TPtaN PF aNN DEDUCtKPOS WJKCJ JaVE BEEO WKtJJEND FRPm aO KODKVKDUaN’S QaYCJECL FRPm January 1 to the last day of the pay period |
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| Compulsory (mandatory) charge imposed on citizens by local, state, or federal governments |
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| The higher the income level, the higher the % amount of taxes paid |
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| Impose a higher tax rate on those with lower incomes than those with higher |
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| Form required to be completed (by employee, employer, parent) if employee is minor |
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| Tax form provided by employer that states the amount of money earned and taxes paid throughout the previous year, used to file form 1040 |
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| AO EmQNPYEE’S WKtJJPNDKOG CERtKFKCatE---the information provided on this form determines the percentage of gross pay to be withheld for federal income taxes |
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| Employment Eligibility Verification Form---information on this form is for employers to verify the eligibility of non-citizen individuals for employment |
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| Tax forms reportingother sources of income earned during a tax year: INT, DIV, MISC |
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| Tax form reporting Interest income on savings and/or investment accounts during the previous year |
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| Tax form reporting Dividends earned on investments during the previous year |
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| Tax form reporting Income earned from self-employment, royalties, rent payments, unemployment compensation, capital gains, & other sources |
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| Individual tax reporting form filed by April 15th for previous calendar year |
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