Quiz 1 got On Your Own

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DEDUCTIONS

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MONEY THAT IS SUBTRACTED FROM YOUR CHECK FOR THINGS LIKE INSURANCE, TAXES, AND SOCIAL SERCURITY

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FEDERAL INCOME TAX

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MONEY THAT IS SUBTRACTED FROM YOUR CHECK AND GIVEN TO THE FEDERAL GOVERNMENT

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GROSS PAY

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THE TOTAL AMOUNT OF THE MONEY YOU EARN BEFORE ANY DEDUCTIONS ARE TAKEN OUT OF YOUR PAYCHECK

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NET PAY

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THE AMOUNT OF MONEY THAT YOU GET PAID AFTER ALL THE DEDUCTIONS ARE SUBTRACTED FROM YOUR PAYCHECK

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OVERTIME PAY

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THE AMOUNT FO MONEY YOU EARN FOR WORKING MORE THAN 40 HOURS A WEEK

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PAY STUB

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THE PART OF THE PAYCHECK THAT PROVIDES INFORMATION ABOUT THE PAY PERIOD

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REGULAR PAY

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THE AMOUNT OF MONEY YOU EARN FOR WORKING 40 HOURS EACH WEEK

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SOCIAL SERCURITY

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MONEY SUBTRACTED FROM YOUR PAYCHECK FOR WHEN YOU RETIRE. IT IS ALSO KNOWN AS FICA

Front

STATE INCOME TAX

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MONEY THAT IS SUBTRACTED FROM YOUR PAYCHECK AND IS GIVEN TO THE STATE

Front

DEPOSIT

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MONEY THAT IS PUT INTO YOUR CHECKING OR SAVINGS ACCOUNT