Paychecks

Which of the following refers to your pretax earnings on your paycheck?

• Net Pay

• Gross Pay

• Deduction

• Hourly rate

SELECT ALL of the items below that are "pre-tax deductible" meaning they are not taxed on our paychecks.

• Health Insurance Contributions

• Dental Insurance Contributions

• Retirement Contributions

• FICA Contributions

YTD on your paycheck means:

• Year to Date

• Year to Deductions

• Yes to Deductions

• Yet to Determine

FICA stands for:

• Federal Insurance Companion Act

• Free Insurance Contributes to All

• Free Insurance Coordination for All

• Federal Insurance Contribution Act

Select the TWO federal programs that create our FICA Tax:

• Social Security

• FSA

• Medicare

• Unemployment

Which of the following terms can also be known as our "take home pay" or the pay that we will budget for.

• Gross Pay

• Net Pay

• Deductions

• Withholdings

Taxes are mandatory and must be paid by everyone.

• True

• False