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Paycheck
Gross Pay
Net Pay
Amount of money earned before deductions.
Amount you take home after deductions.
Deductions
Money withheld by your employer.
W-2
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 takes withheld from his/her paycheck.
W-4
A form completed by a new employee. The W-4 form tells the employer the correct amount tax to withhold from an employee's paycheck.
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