Personal Finance

Front

What is the income for providing human resources (labor)?

Back

Wages

Front

What is the payment people receive for providing resources in the market?

Back

Income

Front

What form must an employer send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld?

Back

W-2

Front

What is the amount people earn per pay period before any deductions or taxes are paid?

Back

Gross pay

Front

What is a range of income amounts that are taxed at a particular rate?

Back

Tax Bracket

Front

What is the term for the total earnings of an individual before any deductions?

Back

Gross Income

Front

What is the term for the amount of money an employee takes home after deductions?

Back

Net Pay

Front

What is the term for a tax on income that is paid to the government?

Back

Income Tax

Front

What is the term for a document that outlines an employee's earnings and deductions for a specific pay period?

Back

Pay Stub

Front

What is the term for the percentage of income that is withheld for taxes?

Back

Tax Rate