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Getting Paid - FINAL REVIEW

AB
DependentA person who relies on the taxpayer for financial support
Direct depositWages are deposited directly into a depository institution account
Employee benefitsEmployers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
Income taxTaxes paid to federal, state and local governments on the amount of money earned
MedicareA federal program whose main purpose is to help pay for health care for those over 65
Payroll cardA reloadable debit card onto which a worker's pay is loaded
SalaryFixed amount of money or compensation paid to an employee by an employer that does NOT depend on the number of hours worked
Social SecurityA federal government program that provides income for people who are over 65, among other things


Business Teacher
Wichita High School South

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