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Gross Pay
Net Pay
Deduction
Paycheck!
Amount of money earned before deduction.
Amount of money you take after deduction.
Money with held by your employer.
W-2 tax form shows the amount of taxes withheld from your paycheck for the year and is used to file your federal and state taxes.
W-2 Form
W-4 Form
A W-4 form is a form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer.The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.
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