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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 sales man |
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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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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 oftime for which an employe's wages are calculated |
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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 payearned in the pay period |
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Money subtracted from gross pay for required taxes, employee insurance, andretirement benefits; may be voluntary or mandatory |
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Amount required by law for employers to withhold (deduct) from earned wages |
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Amount deducted from a income to assist in funding governmentagencies within the state
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Federal Insurance Contributions Actfunds Social Security and Medicare.Social Security taxes are based off 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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Amount taken from the Employee's paycheack from medical benafits. |
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total of all dedutions which have been withheld from an indivdual's paycheck from 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 requiredto 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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An Employee's withholding certificate 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 reportingInterest income on savings and/or investment accountsduring the previous year |
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Tax form reportingDividends earned on investments during theprevious year |
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Tax form reportingIncome 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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