NextUp Lesson #24 Terms

A check for wages made out to an employee.

• Paycheck
• Paycheck Stub

The electronic transfer of a payment directly from the account of the payer to the recipient's account.

• Deduction
• Direct Deposit

The act of putting things into a logical order to approach tasks efficiently.

• Organization
• Time Management

An expense that can be subtracted from a taxpayer's gross income in order to reduce the amount of income that is subject to taxation.

• Deduction
• Direct Deposit

A time frame used to calculate earned wages and determine when employees receive their paychecks.

• Pay Period
• Gross Pay

A document that shows the amount of money the employee earned and the amount of money removed for taxes and other withholdings.

• Paycheck
• Paycheck Stub

Your take-home pay, or the amount employees earn after all payroll deductions are subtracted from their gross pay.

• Net Pay
• Gross Pay

The ability to use one's time effectively or productively, especially at work.

• Organization
• Time Management

The total amount of money an employee receives before taxes and deductions.

• Pay Period
• Gross Pay