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14 Cards in this Set
- Front
- Back
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Medicare |
A US government health care program for persons 65 of age or older. |
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Social Security |
A US government program that provides money to people that can not work. |
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FICA |
A tax imposed on both employer and employee be the US government to fund government programs such as Social Security and Medicare. |
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Net Play |
The remaining amount of an employees gross pay after deductions. |
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Gross Pay |
Amount earned before taxes are withheld |
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Bi-Weekly |
Every two weeks |
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Allowences |
The amount of income on which you do not have to pay taxes. |
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Exemptions |
Don't have to pay taxes, such as churches and kids. |
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Salary |
A fixed regular pay, not necessarily based on numver of hours worked as oppose to service provided. |
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Wage |
Payment to primarily and labor employee based on numbers if hours worked. |
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Sick Leave/Personal Leave |
Employee will still get paid even if they are not working to take care of health or personal matters. |
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Direct Deposit |
An electronic payment directly to employees account from employer. |
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Checking Account |
A bank deposit against which checks can be drawn by the depositor. |
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Saving Account |
Design to put money away for an emergency. |
