Payroll

Front

The total amount of income you earn in a pay period before any deductions are taken out

Back

Gross pay

Front

Monetary subtractions from the employee's gross pay

Back

Deductions

Front

Randy earns $22 per hour. This is an example of:

Back

wages

Front

A tax (funds) for retirement after an employee reaches retirement.

Back

Social Security

Front

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

Back

$ 142.50

Front

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

Back

$ 78.75

Front

Your weekly gross pay is $400.00. Your tax rate is 15%. How much is your net pay?

Back

$ 340.00

Front

Any amount withheld from a employee's gross earnings.

Back

Payroll Deduction

Front

A fixed annual sum of money divided among equal pay periods.

Back

Salary

Front

A federal tax paid for old-age, survivors, and disability insurance.

Back

Social Security Tax