the amount of money your employees receive before any taxes and deductions are taken out.

the ratio between two related quantities.

"state unemployment tax." This deduction from your paycheck is used to provide funds to your state for temporary support of workers who have lost their jobs.

a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out.

are the net benefits of a corporation's operation. is also the amount on which corporate tax is due.

before taxes.

money you are allocated.

Money drawn from gross pay.

(otherwise known as the "Employee's Withholding Allowance Certificate") is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer.

can be quantified in terms of money generated, such as net income, revenues, etc. It can also be money saved when discussing a policy to reduce costs.

a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as 42 U.S.C. § 405(c)(2).

refers to the period beginning the first day of the current calendar year or fiscal year up to the current date.

a U.S. law that creates a payroll tax requiring a deduction from the paychecks of employees as well as a contribution from employers to fund the Social Security and Medicare programs.

The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck. As an employee, the information on your W-2 is extremely important when preparing your tax return.