Ch 3 Crossword

2. Taxes paid by the employee and employer that are used to finance the federal Social Security and Medicare programs; also known as Social Security and Medicare taxes.
4. Money added to an employee’s base pay.
7. wage- Amount paid for working time in a week that is beyond the standard 40-hour workweek.
8. balance- Amount of time an individual spends at work compared to the amount of time spent in a personal life.
9. Subtraction from gross pay.
10. Earnings from sources other than work.
13. Income paid as a percentage of sales made by a salesperson.
14. Form of noncash compensation received in addition to a wage or salary; also known as fringe benefit.
16. Fixed payment for work expressed as an annual figure.
17. Payment for work that is usually calculated on an hourly, daily, or piecework basis.
18. Amount on which taxes are calculated.
19. Gross pay (plus bonuses) minus payroll deductions; also known as take-home pay.
20. Money paid for service beyond what is required; also known as gratuity.

1. Wages or salaries and benefits paid to employees.
2. Employee’s Withholding Certificate that helps an employer determine how much income tax to withhold from an employee’s paychecks as payroll deductions.
3. All the income an individual receives in a year including both earned and unearned income.
5. Wage based on a rate per unit of work completed.
6. Total income before payroll deductions.
11. Government expects individuals and businesses to voluntarily report all income that is subject to the income tax.
12. Wage and Tax Statement that shows your earnings and the amounts of income, Social Security, and Medicare taxes withheld from your earned income during the year.
15. Income received from employment, including self-employment.
20. return- Report containing information used to calculate taxes owed by the taxpayer.