| Question |
Answer |
| W-2 form |
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 |
| Personal information |
Name, address, Social Security number |
