Paycheck | trey

Net Pay

Amount of money earned before deductions.

Amount of money you take home after deductions

Money withheld by your employer

The form that an employer 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-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.