Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Paycheck

Taxes and Calculating Pay

TermDefinition
Federal income tax A pay deduction required by law that supports the federal government
Deductions Taxes and other money withheld from an employee’s gross pay.
403B or 401K Money employees set aside or invest for retirement.
Social Security tax A federal tax that supports elderly, disabled, or orphaned citizens.
State income tax A pay deduction required by law that supports the state government.
Deductions taxes, money taken out your paycheck
W-2 Shows how much you earned and how much tax you paid for the entire year.
W-4 Fill out this form so your employer knows how much tax to take out of your paycheck.
Gross Pay your pay BEFORE taxes and other deductions.
Net Pay Take Home Pay. The amount of your check AFTER taxes and other deductions.
Medicare Social health insurance program
Progressive Tax The more you make the more taxes you pay.
Regressive Tax Everyone regardless of income pays the same amount. Example: Sales Tax
Benefits Received This principle says: If you use the service, you pay the tax. Examples: Bridge and Road Tolls
Ability to Pay This principle says: The amount of tax you pay should be based on how much you earn.
Created by: sanmuth
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards