| A | B |
|---|
| Hourly | paid for each hour of work |
| Salary | paid so much a year then divided into equal payments |
| Commission | paid a percentage of sales |
| Tips | paid for quality of service |
| Federal Government | sets the minimum wage |
| State Government | minimum wage should an employer follow |
| Social Security | A federal tax for retirement, disability, and death benefits |
| Medicare | A federal tax for medical cost assistance |
| W-2 | form needed to fill out your Income Tax form |
| Employer | supplies the W-2 at the end of the year |
| Budget | guesstimate of expenses |
| Direct Deposit | paycheck goes directly into your account |
| Automatic withdrawal | biller takes money out of your account when your bill is due |
| PIN | protects your account when you use your debit card |
