Types of income

Front

Earnings paid to an employee based on an hourly rate.

Back

Wages

Front

An employee's fixed yearly income.

Back

Salary

Front

Amounts of money taken from income before you are paid.

Back

Deductions

Front

Total pay for earnings made over a one-year period before any deductions have been taken?

Back

Gross Annual Income

Front

Total amount of earnings made over a month before any deductions

Back

Gross Monthly Income

Front

A social insurance program that extends health coverage to almost all Americans age 65 and over

Back

Medicare

Front

Income amount remaining after a year's worth of deductions have been taken.

Back

Net Annual Income (NAI)

Front

A social insurance system that provides benefits to Americans who are sick, retired or disabled.

Back

Social Security

Front

Alexis worked 24 hours last week. At a rate of $12 per hour, what was Alexis' gross pay?

Back

$288

Front

Gross income minus deductions equals your net income. If Amorelle made $384 in gross income and her deductions are $122, what is her net income?

Back

$262