Deposit - Put money IN a bank (+), Pay Stub - A document included each pay period which shows your paycheck deductions ($ taken out), Pay Period - Length of time you are paid for (Most are weekly, bi-weekly), Gross Pay - The total amount of money earned during a pay period before deductions., Net Pay - The amount of money left AFTER deductions have been taken from the gross pay, Deductions - Money taken OUT from the gross pay earned for mandatory taxes, employee medical benefits, and/or retirement benefits, Federal Withholding Tax - The amount of money deducted. Largest amount taken out!, Social Security - Nation’s retirement program, Medicare - Nation’s health care program, 401K - Employer-sponsored retirement savings plan that allows employees, Year-to-Date (YTD) - Total of all of the deductions which have been withheld from an individual’s paycheck from January 1 to the last day of the pay period,

Paycheck Terms

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