paycheck basics

Some common _________ are taxes and retirement savings

• deductions

• gross income

• net income

• paychecks

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

When your wages go directly into your bank account

• payroll card

• paycheck

• direct deposit

• pay stub

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

this includes medicare and social security

• FICA

• federal taxes

• state taxes

• 401(k)

this form proves your citizenship

• 1040

• I 9

• W2

• W4

this form tells you how much you earned all year

• W4

• W2

• 1040

• I 9

this form tells your employer how much to take out

• W2

• W4

• I9

• 1040

the amount you earn before taxes is your

• net income

• hourly rate

• take home pay

• gross income

this is health insurance for elderly people

• social security

• 104(k)

• FICA

• medicare

this is the same as your take home pay

• gross income

• net income

• FICA

• deducations

this is the amount of time you are being paid for

• hourly rate

• pay period

• gross pay

• net pay

Tags

CCSS.6.NS.B.3