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