Welcome to StudyStack, where users create FlashCards and share them with others. Click on the large flashcard to flip it over. Then click the green, red, or yellow box to move the current card to that box. Below the flashcards are blue buttons for other activities that you can try to study the same information.
Test Android StudyStack App
Please help StudyStack get a grant! Vote here.
or...
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.


incorrect cards (0)
correct cards (0)
remaining cards (0)
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
Retries:
restart all cards


Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

4.01Personal Finance

Work Compensation and Forms

TermDefinition
FICA federal insurance contributions act. this tax includes social security and medicare. docial security taxes are based on a 6.2 percentage of the employee's gross income. Medicare is 1.45 of gross income
retirement plan the amount an employee contributed each pay period to a retirement plan.
medical the amount taken from the employee's paycheck for medical bills
year to date deductions the total of all deductions which have been withheld from individual's paycheck from january 1 to the last day of the pay period
tax a compulsory charge imposed on citizens by local, state, or federal governments
progressive tax the higher the income, the higher amount of taxes paid
regressive tax they impose a higher tax rate on those with lower incomes than those with higher
form w-2 states the amount of money earned and taxes paid throughout the previous year
form w-4 An employee's withholding certificate--the information provided on this form determines the percentage of gross pay to be withheld for taxes
form I-9 Employment Eligibility Verification Form--the information on this form is for employers to verify the eligibility of indiviuals for employment.
1099 Forms Tax forms that report other sources of income earned during a tax year. examples-1099INT/1099-DIV/1099MISC
Created by: clemonsh1 on 2013-05-21



bad sites Copyright ©2001-2014  StudyStack LLC   All rights reserved.