W4 Learning by Julia Lengemann

Julia

julia_lengemann — 2017-11-17 16:45:39 UTC

Taxes - Something we must all pay

Dylan R

2017-11-17 16:46:03 UTC

Allowance- The amount of money that can be earned free of tax

Chaz

51612 — 2017-11-17 16:46:09 UTC

Employee Benefits

Benefits received when hired at a corporation. (Sick-pay, Social Security, Vacation, Retirement Plan)

Jacob

2017-11-17 16:46:18 UTC

Unemployment Insurance - Provides people who are unemployed benefits to provide temporary financial assistance as long as the unemployment is not their fault

Eva

2017-11-17 16:46:19 UTC

Tax liability: is the amount of money you owe to tax authorities.

Jake

2017-11-17 16:46:20 UTC

Employment - Making an earning by working for an employer

Dan

2017-11-17 16:46:50 UTC

Employment Contributions - Money contributed by an employer.

Keara

2017-11-17 16:47:14 UTC

Employee benefits - Benefits that an employee can get for working for a company. For example health care, and 401k. Employers usually have benefits to compensate for the lack of money they are paying to an employee.

Kyle - Dependent

2017-11-17 16:47:32 UTC

Someone who depends on you to provide finances for them to live. I.e. a child, disabled person, or old person.

Andrew

2017-11-17 16:47:51 UTC

Workers Compensation- Health insurance and wage replacement for someone who gets hurt on the job and cannot work.

Brenna-Pay Stub

220843 — 2017-11-17 16:48:19 UTC

A piece of paper that is given to an employee with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for taxes, insurance costs, etc.

Paige P.

2017-11-17 16:48:25 UTC

Salary: fixed regular payment made by an employer to an employee

John Kauffman

2017-11-17 16:48:45 UTC

Payroll Card- Alternative to direct deposit or paper check

Hannah

2017-11-17 16:48:56 UTC

Direct deposit- Money goes straight from your employer to your bank account.

Shane B.

2017-11-17 16:48:57 UTC

Employer Contribution- An employer’s potential payment to an employee’s 401K plan.

Griffin

2017-11-17 16:49:07 UTC

Medicare: the federal health insurance program for people who are 65 or older or certain younger people with disabilities

Social Security-Jackson Miron

2017-11-17 16:49:16 UTC

any government system that provides monetary assistance to people with a lacking or no income.

Medicare- Tommy Ottoy

28746 — 2017-11-17 16:49:17 UTC

The federal health insurance program for people who are 67 or older or certain younger people with disabilities

Dylan T

2017-11-17 16:49:31 UTC

commission- a fee on a service based on a percentage on an amount received or agreed to be paid

Kaitlyn

2017-11-17 16:49:41 UTC

Form W-4:
(Employee's Withholding Allowance Certificate)
tells the employer the correct amount of tax to withhold from an employee's paycheck based on the employee's marital status, number of exemptions and dependents and other factors.

Joseph

2017-11-17 16:49:43 UTC

Medicare -

Medicare is the federal health insurance program for people who are 65 or older, people with disabilities, and people with kidney failure in need of dialysi

Paige

2017-11-17 16:49:46 UTC

Gross Income is an individual's total pay before accounting for taxes or other deductions

Gage Warzecha,

2017-11-17 16:49:53 UTC

Income Tax- Tax imposed that varies based on the person's income and profits.

Neal

2017-11-17 16:49:58 UTC

Net income- an individual's income after taking taxes and deductions into account.

Social Security: Gabby Salas

2017-11-17 16:50:25 UTC

Any government system that provides financial assistance to people with poor or no income

Nolan Hiler

280592 — 2017-11-17 16:50:32 UTC

W-4 form - Used by your employer to withhold the correct amount of federal income tax from your paycheck.

Jillian

2017-11-17 16:50:35 UTC

Payroll tax is based on how much income someone receives: split into two categories, tax deduction from an employee wage and taxes paid by the employer based on employee’s wage.

2017-11-17 16:51:04 UTC

Caylin Sanderson-Smith

2017-11-17 16:51:23 UTC

Pay Period: recurring length of time over which employee time is recorded and payed for.

Logan

2017-11-17 16:51:23 UTC

Paper Paycheck: An on-paper check given to an employee to receive their income.

2017-11-17 16:52:44 UTC

28746 — 2017-11-17 16:54:10 UTC

28746 — 2017-11-17 16:54:12 UTC