Chapter 4: Take Home Pay

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

gross pay

amount of money earned by an employee

net pay

amount of money received after deductions have been taken

witheld

kept out; for example, money withheld from salary

social security (FICA)

money paid to a federa plan that helps support older people

medicare

money paid to a federal plan that helps pay medical expenses for older people

federal income tax

money paid to the United States Treasury

state income tax

money paid to your state treasury

deduction

money taken from gross pay for things such as taxes, health insurance or union dues


Ensembles d'études connexes

Chemistry Chapter 12, Chapter 12, Chem 102 Connect 12.5-12.6, Chapter 12 SmartBook, Chem 2 Chapter 12, Chemistry 124 Chapter 12: Molecular Nature of Matter (Jursich), Phase Change Reading

View Set

Managerial Leadership | Chapter 3 Test Bank

View Set

Ch. 9 Commercial General Liability Coverage

View Set

INFS 247 Quiz 3 Lectures 6-10 Prof. Eddington

View Set

Ch.2 Instructions: Language of the Computer

View Set

KCC-ZOO141 CH.4 Chapter Review Questions Fall17

View Set