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Paycheck
Gross Pay
Net Pay
Deductions
Amount of money earned before deductions.
Amount of money you Take Home after deduction.
Deduction of money with held by your employer.
W-2
W-4
The form that an empolyer must send to an employee and the IRS at the end of the year. The form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck.
A form completed by a new employee. The W-2 form tells the employer the correct amount of tax to withhold from an employee's paycheck.
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