1) The money that is taken out of your pay check for taxes a) Taxes and deductions b) Losses 2) Taxes for the United States government (also called income tax) a) Federal Taxes b) State Taxes 3) Taxes for your state a) Federal taxes b) State taxes 4) Mandatory taxes for Social Security and Medicare  a) SDI b) FICA c) Federal Taxes 5) The money you get after taxes are taken out  a) Net pay b) Paycheck 6) Summary of total gross earnings and deductions since the beginning of the year  a) Income b) Year-to-date (YTD)

Paystub vocab pt. 2

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