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Paystub Terminology Practice

Match the terms found on paystub to the correct definition.

Definitions:

  1. Social Security
  2. Taxes
  3. FICA
  4. Income Taxes
  5. Medicare

Terms:

  • Provides income or benefits to the elderly and disabled, and to the children of deceased.
  • Government fees based on individual income, business income, property or products.
  • This tax is used to fund Social Security and Medicare.
  • Are assessed (or charged) at the federal level and at the state level.
  • A federal program that provides hospital care to the elderly and disabled.

Answers:

  1. Provides income or benefits to the elderly and disabled, and to the children of deceased

    Answer: Social Security

  2. Government fees based on individual income, business income, property or products.

    Answer: Taxes

  3. This tax is used to fund Social Security and Medicare.

    Answer: FICA

  4. Are assessed (or charged) at the federal level and at the state level.

    Answer: Income Taxes

  5. A federal program that provides hospital care to the elderly and disabled.

    Answer: Medicare