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10 terms

Paychecks

Final Exam Review
STUDY
PLAY
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