| A | B |
|---|
| earning 10% of sales | commission |
| receive extra $1000 for providing good services | bonus |
| waitress earned $200 in base pay plus $150 in tips | wages plus gratuities |
| part-time work in college, full time job after graduation | wages during college, salary after |
| receive your paycheck as a checking acct deposit | direct deposit |
| receives wages in a paper document with attached stub | paycheck |
| Take home pay is $475.00 | represents net pay |
| receiving pay by payroll card | has 24 hour access to funds |
| form showing all income earned for the year | W-2 |
| form from bank showing interest earned | 1099-INT |
| Federal income tax | progressive tax |
| form showing you are able to work in the US | I-9 |
| most common federal tax form | 1040 |
| completing a withholding statement for new employer | W-4 |
| benefit of direct deposit | greater security - less likelihood of loss |
| Wage and Tax statement | known as W-2 |
