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Paychecks
Gross Pay
Net Pay
Deductions
Amount of money earned before deductions.
Amount of money you take home after deductions
Money with held by your employer
W4
W2
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 W4 form tells the employer the correct amount of tax to withhold from an employee's paycheck
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