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Paycheck
Gross Pay
Amount of money earned before deductions.
W-2
The form that an employer must send to an employee and the IRS at the end of the year. The form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck
The form that an employer must send to an employee and the IRS at the end of the year. The form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck
Net Pay
Deductions
Amount of money you take home after deductions.
Money withheld by your employer.
W-4
The form completed by a new employee. The W-4 form tells the employer the correct amount of tax to withhold from and employee's paycheck.
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