A person is able to receive unearned income by:

Taxes taken out of your paycheck are referred to as:

Total pay earned BEFORE taxes or deductions are taken out is

Total pay earned AFTER taxes or deductions are taken out is

When an individual's pay is based on the total number of hours worked, multiplied by the rate of pay per hour, the individual earns a(n)

When an individual's pay is based on a fixed compensation, received typically monthly or bi-weekly, the individual earns a(n):

The 'normal' amount of hours worked in a week and per year are:

When an employee works MORE than the normal amount of hours in a pay period, then the employee is paid a bonus for the extra hours over the usual amount. These hours are called

The typical over time rate paid to employees who work additional hours over the normal work week is ______ times greater than the pay per hour.

The form you fill out when you start a job listing the number of exemptions you are claiming and identifying your marital status is:

The form that is used to complete the 1040 and 1040N tax returns is the

An example of a voluntary deduction is:

An example of a mandatory withholding is:

Whether you receive your pay by check or direct deposit, your 'take-home' pay is listed as

Social security tax or FICA tax is taken our of your paycheck at the same percentage rate as all other workers in the United States.

An individual who claims 0 exemptions on the W-4 form will have less taken in taxes from their check than an individual who claims 1 exemption (assume same gross pay for each).

When you claim exempt from withholding on your W-4 form, you will get a refund of your taxes paid in during the year when you do your tax return.

In Nebraska, individuals who work will do two (2) income tax returns each year, one for federal income tax and one for state income tax.

The 1040N is the form used to file your state income tax return.