| A | B |
|---|
| Gross Pay | Hourly Rate X Number of Hours Worked |
| Net Pay | Take-Home Pay |
| FICA | Social Security Tax = 6.2% of Gross Wages Up to a Maximum of >$62,000 |
| Medicare Withholding Tax | 1.45% of Gross Wages |
| Disability Withholding Tax | .8% of Gross Wages Up to a Maximum of $.60 Per Week |
| W-2 Form | End -of- the- year Statement Showing Earnings and Deductions for the Year |
| W-4 Form | Yearly Statement Used to Designate Marital Status and Personal Exemptions for Payroll Purposes |
| I-9 Form | Form Used to Verify Citizenship and Work Eligibility |
