| A | B |
| The amount of money you earn before anything has been deducted. | Gross Pay |
| The amount of money you take home after all deductions. | Net Pay |
| Money paid to the Government based on the amount you earn. | Income Tax |
| A machine used to record time by an employee. | Time clock |
| The lowest wage permitted to be paid per hour as determined by the federal government. | Minimum Wage |
| A procedure through which a person or firm can arrange to have money you owe deducted from your pay. | Garnishment |
| When union members stop working in order to get companies to do what they want, is called | Strike |
| Federal insurance paid by the employer and employee in equal amounts to cover retirement for people 65 or older. | Social Security |
| Those who depend upon you for support. | Dependents |
| Payments an employee receives other than in the form of money. | Fringe benefits |
| A form used to show the number of dependents you are claiming. | W4 |
| A form given to every worker showing the total amount earned during a given year. | W2 |
| Money taken out of your check for which you have no control. | Involuntary deductions |
| Those things that you decide to have deducted from your paycheck. | Voluntary deductions |