Getting Paid

Which of the following represents the actual amount of money you get to take home?

• Commission Pay
• Net Pay
• Hourly Pay
• Gross Pay

FICA is comprised of two different parts… what are they?

• Social security and federal tax
• Social security and state tax
• Medicare and social security
• Medicare and federal tax

Determines the amount of federal withholding tax from an employee's paycheck

• Taxation Form
• I9 Form
• W4 Form
• Deduction Form

The amount of salary received after taxes and deductions

• Gross Pay
• Net Pay
• Total Earnings
• Bill 

The total amount of earnings before any deductions are taken out

• Gross Pay
• Net Pay
• After-tax Income
• Yucky Pay

Physical paper in the amount of money earned

• Commission

• Direct Deposit

• Paper Paycheck

• Pay Stub

Wages are deposited directly into a depository institution account

• Paper Paycheck
• Direct Deposit
• Self Pay
• Salary

Schedule which employer pays

• W-4

• Pay Date

• Pay Stub

• Pay Period

Fixed amount of money paid to an employee in return for work performed

• Tax Liability

• Salary

• Paycheck

• Pay Period

Federal government program that funds retirement accounts and disabled individuals

• Medicare

• Social Security

• Tax Liability

• Gross Income