Question: gross pay

Answer: amount one makes before taxes and deductions are taken out

Question: net pay

Answer: amount one makes after taxes and deductions are taken out

Question: hourly wage

Answer: amount one earns for an hour of work

Question: salary

Answer: a set amount of pay for a month or year of work

Question: weekly pay schedule

Answer: pay is given to the employee ath the end of each week usually on Friday

Question: bi-monthly pay schedule

Answer: pay is given to the employee twice a monty, usually on the 15th and the last day of the month

Question: monthly pay schedule

Answer: pay is given to the employee monthly, usually on the 15th of the last day of the month

Question: minimum wage

Answer: the lowest hourly wage allowed by federal law

Question: Federal Income Tax Withheld

Answer: a required deduction to pay the federal tax on your earnings

Question: FICA Tax

Answer: a required deduction to pay for the federally required social security plan