What is Federal Tax?
Paycheck Vocabulary

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•
Mathematics
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Money that is subtracted from your paycheck and given to the federal government to help run the country.
2.
FLASHCARD QUESTION
Front
What is State Tax?
Back
Money that is subtracted from your paycheck and given to your state's government to help run the state.
3.
FLASHCARD QUESTION
Front
What is Social Security?
Back
Money that is subtracted from your paycheck to be saved and paid back to you when you retire; this is sometimes written as FICA on your paycheck.
4.
FLASHCARD QUESTION
Front
What is Overtime Pay?
Back
The amount of money you earn for working more than 40 hours each week.
5.
FLASHCARD QUESTION
Front
What is a Pay Stub?
Back
The part of a paycheck that provides information about the pay period, including the number of hours worked and the deductions taken out of the paycheck.
6.
FLASHCARD QUESTION
Front
What is Local Tax?
Back
Money that is subtracted from your paycheck and given to your local government to help run local services.
7.
FLASHCARD QUESTION
Front
What is Gross Pay?
Back
The total amount of money earned before any deductions are taken out.
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