| A | B |
|---|
| allowance claimed by an employee for self or for a dependent that determines income tax withheld | exemption |
| amount an employee receives before deductions | gross pay |
| amount an employee receives after deductions | net pay |
| form completed by an employee that helps the employer determine the amount of income tax to withhold | Employee's Withholding Allowance Certificate |
| form completed by a business when paying payroll taxes to the Internal Revenue Service | Federal Tax Deposit Coupon |
| form listing gross pay, deductions, and net pay for the employees of a business | payroll register |
| form showing one employee's hours during a pay period | time card |
| law requiring employees to pay Social Security and Medicare tax | Federal Insurance Contributions Act (FICA) |
| used by businesses to keep accurate records of employee's hours spent on the job | time cards |
| a common payroll deduction | health insurance |
| a common payroll deduction | FICA tax |
| a common payroll deduction | Federal income tax |
| a common payroll deduction | State income tax |
| a common payroll deduction | City/local income tax |
| The W-4 is completed | when the employee is first hired |
| Employers must pay one-half of the employee's | FICA tax |
| Federal income tax withheld is based on the employee's gross pay and | number of exemptions |
| Banks sometimes serve as depositories for | Internal Revenue Service |
