It's Your Paycheck Lesson 2: “W” Is for Wages, W-4, and W-2

the amount people earn per pay period before any deductions or taxes are paid. Net pay is the amount people receive after taxes and other deductions are taken out of gross pay. 6. Explain that one tax many people pay is federal income tax. Income tax is a tax on the amount of income people earn. People pay a percentage of their income in taxes. ................
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