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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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| conpensation 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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| when you dont touch your money it goes directly into the bank |
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| a prepaid card that is offered to employees as an alternative to paper paychecks |
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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 employee wage are conducted |
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| total amount of money earnedduring the pay period before deductions |
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| amount of money left after all the deductions have been taken from the gross pay earned in the pay period |
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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 from incometo assist funding government agencies within the state |
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| federal insurance contributionsactfunds social security and medicare social security 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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| 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 highe |
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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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