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Understanding Your Paycheck Essentials

Understanding Your Paycheck Essentials. Paycheck Essentials Trivia. Paycheck Trivia. Final Trivia. Answer: Compulsory charges imposed on citizens by local, state, and federal governments. Employment Forms - $100. Question: What are taxes?. Employment Forms - $100. Answer:

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Understanding Your Paycheck Essentials

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  1. Understanding Your Paycheck Essentials Paycheck Essentials Trivia

  2. Paycheck Trivia Final Trivia

  3. Answer: Compulsory charges imposed on citizens by local, state, and federal governments. Employment Forms - $100

  4. Question: What are taxes? Employment Forms - $100

  5. Answer: Form that assists in determining the amount of federal taxes withheld from an employee’s paycheck. Employment Forms - $200

  6. Question: What is Form W-4? Employment Forms - $200

  7. Answer: Employment Forms - $300 Form that verifies the employment eligibility of potential employees

  8. Question: Employment Forms - $300 What is the Form I-9?

  9. Answer: One example of documentation required to complete the Form I-9. Employment Forms - $400

  10. Employment Forms - $400 Question: What is a driver’s license, birth certificate, passport, Social Security card, U.S. Military card?

  11. Payment Method - $100 Answer: Employee’s paycheck is deposited into an authorized depository institution account.

  12. Payment Method - $100 Question: What is direct deposit?

  13. Answer: The most common method of paying employees. Payment Method - $200

  14. Question: What is a paycheck? Payment Method - $200

  15. Answer: The most secure way to pay employees. Payment Method - $300

  16. Question: What is direct deposit? Payment Method - $300

  17. Answer: Payment electronically loaded onto a plastic card. Payment Method -$400

  18. Question: What is a payroll card? Payment Method - $400

  19. Answer: Length of time for which an employee’s wages are calculated. Paycheck Stub - $100

  20. Question: What is a pay period? Paycheck Stub - $100

  21. Answer:  The nation’s health care program for the elderly and the disabled. Paycheck Stub - $200

  22. Question: What is Medicare? Paycheck Stub - $200

  23. Answer: The amount of money an employee actually takes home. Paycheck Stub - $300

  24. Question: What is a net income? Paycheck Stub - $300

  25. Answer: The nation’s retirement program that helps provide retirement income for elderly and pays disability benefits. Paycheck Stub - $400

  26. Question: What is Social Security? Paycheck Stub - $400

  27. Answer: One of the optional deductions withheld from an employee’s paycheck Payroll Withholdings -$100

  28. Question: What is a retirement plan or medical? Payroll Withholdings -- $100

  29. Answer: The largest percentage of paycheck deductions. Payroll Withholdings - $200

  30. Question: What is federal withholding tax? Payroll Withholdings - $200

  31. Payroll Withholdings - $300 Answer: The deduction that includes Social Security and Medicare tax.

  32. Question: What is FICA? Payroll Withholdings - $300

  33. Answer: The amount of taxes withheld to assist in funding government agencies in the state. Payroll Withholdings - $400

  34. Question: What is State Withholding Tax? Payroll Withholdings $400

  35. Final Trivia

  36. Answer: A person who relies on the taxpayer for financial support Final Trivia

  37. Question: Whatis a dependent? Final Trivia

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