Tax Simulations Vocab
0.0(0)
Studied by 0 people
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/7
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
8 Terms
1
New cards
Gross pay
total amount of money earned **before** taxes and deductions are taken out of an employee’s paycheck.
\
ex: an employee that works part-time at 25 hours per week and receives a wage of $12 per hour would have a gross weekly pay of $300 (25x12=300).
\
ex: an employee that works part-time at 25 hours per week and receives a wage of $12 per hour would have a gross weekly pay of $300 (25x12=300).
2
New cards
Net pay
total amount of money earned **after** taxes and deductions are taken out of an employee’s paycheck.
3
New cards
Medicare
A tax that pays for health care for people over 65 or people with disabilities.
4
New cards
Social security check
A payment made by the federal government to taxpayers who have retired or who are disabled.
5
New cards
6
New cards
7
New cards
8
New cards