Earning Vocabulary

A fee that a salesperson recieves upon completion of a sale

• Direct Deposit

• Dependant

• Commission

• Medicare

A persn who relies on the taxpayer for financial support

• Direct Deposit

• Dependant

• Income Tax

• Net Income

Wages are deposited directly into a depository institution account

• Employee Benefits

• Payroll Card

• Direct Deposit

• Gross Income

Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earn wages

• Employment

• Employer Contributions

• Employee Benefits

• Paper Paycheck

The amount the employer has contributed to various employee benefits

• Form W-4

• Payroll Card

• Payroll Tax

• Employer Contributions

Agreement between an employer and employee

• Pay Period

• Pay Stub

• Employment

• Gross Income

The form that determines the amount of an employees pay that will be withheld for federal taxes

• Gross Income

• Income Tax

• Medicare

• Form W-4

Amount of money earned before payroll taxes

• Gross Income

• Direct Deposit

• Commission

• Salary

Taxes paid to federal, state and local governments on the amount of money earned.

• Medicare

• Income Tax

• Net Income

• Salary

A federal program whose main purpose is to help pay for health care for those over 65.

• Social Security

• Workers' Compensation

• Unemployment Insurance

• Medicare