| A | B |
|---|
| gross pay | the money earned from working before taxes and other deductions. |
| net pay | the amount of a person's paycheck left over after any deductions are taken out. |
| payroll taxes | axes taken out of your paycheck. |
| Federal taxes | taxes paid to the Federal government |
| state taxes | taxes paid to state government |
| FICA | Federal taxes paid by employer and employees for social security and Medicare |
| medical insurance | Companies may provide insurance to cover some or all medical expenses |
| retirement benefits | Companies can provide plans that allow employees to set aside salary or receive as a part of salary, benefits that will be paid after the employee retires. |
| life insurance | Companies may provide employees with insurance paid to one's beneficiaries after you die. |
| Disability Insurance | insurance provided to insure the continuation of part or all of their salary in the event they become unable to work. |
