How much money was earned and paid in taxes throughout the previous year.
W-4 form
Determines how much will be withheld from employee's paycheck for taxes.
I-9 form
Form used to establish whether employee is eligible to work in the United States.
Drivers License, Social Security card, Military ID, birth certificate
Documentation which must be provided to complete a Form I-9.
Payroll card
Electronically carries the balance of the employee's net pay.
Pay Period
The length of time for which an employee's wages are calculated.
Direct Deposit
Employers directly deposit an employee's paycheck into his/her bank account.
Paycheck
Traditional check and stub
FICA
Federal Insurance Contribution Act
Social Security
Provides retirement income for the elderly and disabled.
Medicare
Provides health care for the elderly and disabled.
Net Pay
The amount left after payroll deductions have been taken from the gross pay.
Gross Pay
The total amount of money earned before payroll deductions.
Year-to-Date
total of all deductions which have been withheld from an individuals paycheck from January until the last day of the pay period indicated on the pay check stub.
I-9 and W-4
Two forms must an employee complete when beginning a new job
Services our tax dollars are used for
Police, schools, roads, emergency services, government agencies
BIOL3326 Forms
