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Exploring Personal Finance
An arrangement in which a person's pay is electronically transferred directly into the recipient's bank account.
Federal Insurance Contribution Act; Social Security taxes to provide retirement income and disability benefits.
Employment Eligibility Verification; Documentation must be provided to verify that the person is eligible to work in the United States.
wage and tax statement; states the amount of money earned and taxes paid through the previous year
withholding allowance certificate; determines the percentage to be withheld for taxes
the total amount of money a person earns
Nation's health care program for the elderly and the disabled
Amount of income left after taxes and deductions have been taken out.
start and end dates used to calculate earnings
money given to an employee for work completed
the part of a paycheck that allows an employee to see how much has been withheld
prepaid card instead of a paper check or direct deposit
the amount of money subtracted from the gross pay for taxes
the employee's name address, and social security number
a mandatory payment made by an individual or organization to the government for public needs
the amount required by law for employers to withhold from earned wages to pay taxes
totals all of the deductions which have been withheld from January 1 to the last day of the pay period