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Josh Bowers
Paycheck
Gross Pay
Deductions
Net Pay
Amount of money earned before deductions
Amount of money you take home after deductions
Money with held by your inployer
W-4
W-2
The form that 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
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