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Gross Pay
~Amount of money earned before deductions
Net Worth
~Amount of money you take home after deductions
Deductions
~Money withheld from by your employer
W-4 FORM:
This is used by your employer to withhold the proper amount of federal income tax from your paycheck.
W-2 FORM
This reports the amount of federal, state and other taxes withheld from your paycheck.
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