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Year-to-date
Our Definition: Tells us how much money we have made, and taxes that have been taken, from the start of the year to now.
Net Pay
Our Definition: The money we get when we cash a check.
Social Security
Our Definition: Money given to us by the government after retirement or if someone has a disability that affects their ability to work.
Federal Tax (FICA)
Our Definition: Money taken out of our paychecks to pay federal taxes
State Tax
Our Definition: Money taken out of our paychecks to pay State taxes
Local Tax
Our Definition: Taxes taken from our paycheck by the towns we work in.
Gross Pay
Our Definition: The money we make before taxes are taken out.
Name of Employer
This is the name of the company a person is working for.
Pay Period
The period of time an employee worked and is being paid for. How many days/weeks are counted in the pay check.
Employee Name
Name of the person who worked and is being paid.
Social Security Number
The eight digit number assigned to all US Citizens used to track wages and qualify for Social Security
Overtime
Extra time you work. Usually get paid time and a half- they give you 1.5x your normal pay rate.
Pay Date
The day the Paycheck was given to the employee.
Regular Hours
The normal hours an employee is expected to work.
