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Chap 4 Unit 2 5th hr
Chapter 4/Unit 2
Question | Answer |
---|---|
Allowance | A reduction in your tax for each person you support |
Deduction | An amount subtracted from gross pay for a tax, a benefit or service or membership |
Earnings Statement | Your check stub, lists gross pay, deductions and net pay |
Gross Pay | Amount of salary earned |
Net Pay | Amount of salary earned after taxes have been deducted |
Tax | Money paid to State or National Treasury |
Withheld | Kept out |