Matching Pairs PaycheckOnline version Paycheck terms by Laura Long 1 Earnings Statement/Paystub 2 Social Security Tax 3 Net Pay 4 Gross Pay 5 Retirement Savings 6 State Income Tax 7 Insurance 8 Federal Income Tax 9 Payroll Deductions 10 Benefits A document that shows wages and payroll deductions for a pay period. The amount of money you have earned during a pay period before any deductions. The amount of income you "take home" after pay deductions. Money employees set aside or invest for future income. A federal tax that supports elderly, disables, or orphaned citizens. A pay deduction required by law that supports the federal government. Services or privileges that an employer provides in addition to the employee's salary or wages. Money withheld from an employee's gross pay. An agreement to protect a person or business from specific risks in exchange for regular payments. A pay deduction required by law that supports the state government.
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