PF 3.07 Word Scramble
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Question | Answer |
Commission | A fee that a salesperson receives upon completion of a sale |
Dependent | A person who relies on the taxpayer for financial support. People who lives with you and you take care of them. |
Direct Deposit | Wire your money into your bank account. |
Employee Benefits | Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages. |
Employer Contributions | .They Pay part of your life insurance . |
Employment | Agreement between an employer and employee. Your job |
Form W-4 (Employee's Withholding Allowance Certificate) | The form that determines that percentage of an employee´s pay that will be withheld for federal taxes. You tell your company how much you are withholding |
Gross income | Amount of money earned before payroll taxes |
Income Tax | Taxes paid to federal, state and local governments on the amount of money earned. |
Medicare | A federal program whose main purpose is ti help pay for those over 65. Care for the elderly. |
Net Income | Amount of money left once all deductions have been taken from gross income. |
Paper Paycheck | A check written to a worker in the amount of money earned. |
Payroll Card | A re-loadable debit card onto which a worker's pay is loaded. |
Payroll Tax | Taxes withheld or paid on your behalf by your employer |
Pay Period | The regular schedule by which employers pay employees. Being paid once every month, a week, or more than 1 week. |
Pay Stub | Outlines the deductions made to wages. |
Salary | Fixed amount of money or compensation paid to an employee by an employer in return for work performed. Amount money that you´re are paid. |
Social Security | Pay for when you're old. Getting money when you're retired or get old. |
Tax Liability | Total tax bill. (Tax Bill) |
Unemployment Insurance | A source of income for workers who have lost their jobs through no fault of their own. |
Workers´ Compensation | A state-sponsored system that pays monetary benefits to workers who become injured or disabled on the job. |
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