w orkplace v ocabulary 2 insurance, dependable, time card, w-4 and w-2
TRANSCRIPT
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WORKPLACE VOCABULARY 2
Insurance, Dependable, Time card, W-4 and W-2
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INSURANCE
A contract for providing for financial protection against a loss. A person agrees to pay the premium for a guarantee that they will be compensated under certain conditions for
loss, damage, illness, etc
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DEPENDABLE
Worthy of being depended on. Reliable. Consistent in performance or behavior.
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TIME CARD
A card on which the hours worked by an employee are recorded. Many today are
electronic and are kept track of by a computer system.
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W-4
This is the form used to figure
out the amount of income tax
to have withheld from
your paycheck, which is called
your withholding
allowance. You are required to fill these out
when beginning a
new job.
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W-2
Sometimes called a Wage and Tax
Statement, this is a form that your
employer gives you, and files with the IRS at the end of the year stating
how much you were paid and the
amount of taxes that were withheld from your wages.