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Paycheck Jargon
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GrossPay : the amount of money you take before deductions and taxes are taken out
NetPay : The remaining amount of money you have left over after deductions are taken out of the gross pay
W4Form : A tax form that is required by the IRS before your employment
IRS : Stands for “Internal Revenue Service”. This government agency is responsible for collecting and enforcing taxes
Deductions : taxes that are taken out of your paycheck
FederalTax : taxes taken by the national government to help the government operate
StateTax : taxes taken by the state in which you live to help the state operate
LocalTax : taxes taken by the county or city in which you live to help that county or city operate
SocialSecurityTax : a tax that helps retired, unemployed and disabled people in our country
MedicareTax : a tax that helps provide health insurance for people over 65 years or younger people with certain disabilities
I9Form : A form you have to fill out to verify your US citizenship before employment
W2Form : A statement your employer will give to you after January 1st of each year to report your total earned income. This form has to be sent to the IRS as well.
MedicaidTax : a tax that helps provide health insurance for those with very low incomes
YTD : stands for “Year To Date” which means the money you have earned since January 1st
Retirement : a deduction taken from your paycheck that helps you put money away for your retirement
HealthMedical : one or more deductions taken from your paycheck that helps pay for medical expenses such as health insurance, dental or vision
Paycheck Jargon
Across:2. | taxes taken by the national government to help the government operate | 7. | a tax that helps retired, unemployed and disabled people in our country | 8. | A form you have to fill out to verify your US citizenship before employment | 11. | a tax that helps provide health insurance for people over 65 years or younger people with certain disabilities |
| 12. | Stands for “Internal Revenue Service”. This government agency is responsible for collecting and enforcing taxes | 13. | The remaining amount of money you have left over after deductions are taken out of the gross pay | 16. | taxes taken by the state in which you live to help the state operate |
| | Down:1. | one or more deductions taken from your paycheck that helps pay for medical expenses such as health insurance, dental or vision | 3. | a deduction taken from your paycheck that helps you put money away for your retirement | 4. | A statement your employer will give to you after January 1st of each year to report your total earned income. This form has to be sent to the IRS as well. | 5. | the amount of money you take before deductions and taxes are taken out | 6. | A tax form that is required by the IRS before your employment |
| 9. | a tax that helps provide health insurance for those with very low incomes | 10. | taxes taken by the county or city in which you live to help that county or city operate | 14. | stands for “Year To Date” which means the money you have earned since January 1st | 15. | taxes that are taken out of your paycheck |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Paycheck Jargon
Across:2. | taxes taken by the national government to help the government operate | 7. | a tax that helps retired, unemployed and disabled people in our country | 8. | A form you have to fill out to verify your US citizenship before employment | 11. | a tax that helps provide health insurance for people over 65 years or younger people with certain disabilities |
| 12. | Stands for “Internal Revenue Service”. This government agency is responsible for collecting and enforcing taxes | 13. | The remaining amount of money you have left over after deductions are taken out of the gross pay | 16. | taxes taken by the state in which you live to help the state operate |
| | Down:1. | one or more deductions taken from your paycheck that helps pay for medical expenses such as health insurance, dental or vision | 3. | a deduction taken from your paycheck that helps you put money away for your retirement | 4. | A statement your employer will give to you after January 1st of each year to report your total earned income. This form has to be sent to the IRS as well. | 5. | the amount of money you take before deductions and taxes are taken out | 6. | A tax form that is required by the IRS before your employment |
| 9. | a tax that helps provide health insurance for those with very low incomes | 10. | taxes taken by the county or city in which you live to help that county or city operate | 14. | stands for “Year To Date” which means the money you have earned since January 1st | 15. | taxes that are taken out of your paycheck |
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© 2013
PuzzleFast.com, Noncommercial Use Only