Paychecks

Created by mburchy73 

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Final Exam Review

Form I-9

form used to avoid hiring undocumented workers

pay period

length of time an employee's wages are calculated

gross pay

total amount of money earned before payroll deductions

net pay

the amount of money taken home from a paycheck after deductions are taken out.

FICA

this includes two separate taxes: medicare and social security

direct deposit

the most secure method for an employers to pay employees

Form w-4

one of the documents an employee is required to complete before beginning a job

medicare

the nation's healthcare programf or the elderly and disabled

dependent

relies on the taxpayer for financial support

Internal Revenue Service

government agency responsible for collecting federal taxes

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