It's Your Paycheck Vocabulary

​There are THREE mandatory deductions!

​

​Largest mandatory deduction!

Dropdown

The​ more you earn, the ​

Select answer

you pay in taxes.

Poll

Do you want to work until you die?

• Yes

• No

​6.2% up to $176,100

1.4%, extra .9% for high earners

Multiple Choice

MediCARE is to care for the

• poor

• eldery

• low-income

Multiple Choice

Medicare pays for

• health care

• living expenses of the retired

• vacations

Multiple Choice

Social Security pays for

• health care

• living expenses of the retired

• vacations

State Income Tax - NOT withheld in TEXAS

Dropdown

You will fill out a W-4​

Select answer

you start your new job.

Dropdown

Your W-2​ is calculated at the ​

Select answer

of each year.

1099 - tax form, similar to W-2
- income from "other places"