Matching Pairs PaycheckOnline version Paycheck terms by Laura Long 1 Benefits 2 Earnings Statement/Paystub 3 Retirement Savings 4 Net Pay 5 State Income Tax 6 Payroll Deductions 7 Federal Income Tax 8 Social Security Tax 9 Gross Pay 10 Insurance A federal tax that supports elderly, disables, or orphaned citizens. Money employees set aside or invest for future income. 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. The amount of income you "take home" after pay deductions. A document that shows wages and payroll deductions for a pay period. 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. A pay deduction required by law that supports the federal government.
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