Senior Math Ch. 2

2. Your total earnings before any deductions are subtracted.
5. Referring to a yearly total, such as gross pay or tax amount.
6. The act of an employer keeping a portion of your pay for taxes or other deductions.
8. Acronym for the Federal Income Tax withheld by your employer.
9. The chart used by employers to look up the amount of Federal Income Tax to deduct from a paycheck.
10. The grand total of all money taken out of your gross pay, including taxes and premiums.
11. Amounts for yourself, spouse, or dependents that reduce your taxable income for state tax.
14. A marital status that affects your Federal Income Tax withholding, opposite of single.
16. A pay frequency that results in 52 paychecks per year.
17. The type of state income tax where the tax rate increases as your income levels rise.
19. The federal program for retirement and disability benefits, a part of FICA.

1. Insurance offered to employees by a business at a lower cost than an individual plan.
3. Exemptions claimed on a W-4 form that reduce the amount of federal income tax your employer must withhold.
4. The federal program for hospitalization insurance, a part of FICA.
7. Acronym for the Federal Insurance Contributions Act, which covers Social Security and Medicare taxes.
10. A person, other than yourself or your spouse, that you claim for an exemption.
12. The income amount subject to state tax, calculated as Annual Gross Pay minus Personal Exemptions.
13. A pay frequency that results in 26 paychecks per year.
15. A marital status that affects your Federal Income Tax withholding, opposite of married.
18. The amount you take home after all deductions; your 'take-home pay'.