| A | B |
|---|
| Commission | Percentage of sales |
| Employee | Person who is hired to do a job |
| Employer | Person who hires other people |
| Income | Money that is received for a work or service |
| Gross Pay | Earnings before any deductions |
| Net Pay | Earnings after any deductions |
| Federal Income Witholding Tax | Money that Federal Law requires employers to deduct from employee earnings |
| Exemptions | Set dollar amounts that are not taxed |
| W-4 Form | Employee's Withholding Allowance Certificate |
| W-2 Form | Wage and Tax Statement |
| Social Security Tax | Federal Insurance Contributions Act (FICA) tax |
| Deduction | Money subtracted from earnings |
| Check | Order for bank to pay money |
| Budget | Plan to pay bills and meet expenses |
| Transit number | Identifies a check on deposit slip |
| Balance | Amount in checking account |
| Register | Checking records |
