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