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