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PayCheck

Gross PAy

Deductions

 Net PAy

The Amount of money earned before deductions.

The amount of money you take home after deductions

Deducted money with held by your empolyer

W-2

W-4

The form that an employer must send to an employee and the IRS at the end of the year. The form reports an employees annual wages and the amount of taxes withheld from his paycheck

The form that an employer must send to an employee and the IRS at the end of the year. The form reports an employees annual wages and the amount of taxes withheld from his paycheck

A form completed by a new employee. The W-4 form tells the employer the correct amount of tax to withhold from employees paycheck

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