Taxes are...
Paycheck Vocabulary

Flashcard
•
Other
•
9th - 12th Grade
•
Easy
Kacey Reid
Used 2+ times
FREE Resource
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17 questions
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1.
FLASHCARD QUESTION
Front
Back
fees and charges imposed by governments to help pay for their programs and services
2.
FLASHCARD QUESTION
Front
On your paycheck, your "take home" pay, or money that you could spend, is also known as:
Back
net pay
3.
FLASHCARD QUESTION
Front
These are fees and charges imposed by governments to help pay for their programs and services.
Back
taxes
4.
FLASHCARD QUESTION
Front
On your paycheck, this is the total pay you have earned from a job, before any taxes and benefits are deducted.
Back
gross pay
5.
FLASHCARD QUESTION
Front
A tax used to fund the social security benefits to Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
Back
FICA - Social Security
6.
FLASHCARD QUESTION
Front
A tax which is used to provide healthcare and insurance benefits to retirees and people with limited resources/income
Back
FICA - Medicare
7.
FLASHCARD QUESTION
Front
the amount that an employee earns before taxes and other deductions are taken from their paycheck
Back
Gross Pay
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