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Paycheck
Deductions
Net Pay
Gross Pay
Amount of money earned before deductions
Amount of money you take home after deductions
Money that's withheld by your employer
W- 2
W- 4
The form that an employer must send 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
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