Income Vocabulary overtime - more than 40 hours of work in 1 week time and a half - 1.5 times the regular hourly rate gross pay - total pay before deductions net pay - also called take home pay - the amount of money left after deductions commission - part of the money you make from sales as your pay salary - the amount you get paid, usually in a yearly amount W-4 Form - form completed so your employer can withold the correct amount of money from your pay income tax deductions - amount of money taken out of your check that goes to help run the government - both state and federal social security tax (FICA) - money used to provide income and medical care for people when they retire benefits - medical & dental insurance, life insurance, retirement Paystub example Vocabulary practice Kahoot Pay Stub Explanation Worksheet How to read a pay stub Reading a pay stub activity