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income and taxes
| Question | Answer |
|---|---|
| A sum of money paid regularly to a person, typically to meet specified needs or expenses. | Allowance |
| Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt | Accumulated Earnings |
| paid entirely or partially with commissions from sales one has made or for work one has done | Commissions |
| something, esp a sum of money, that is or may be deducted | Deduction |
| relying on someone or something else for aid, support, etc. | Dependent |
| a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. | Direct Deposit |
| A sum of money paid regularly to a person, typically to meet specified needs or expenses. | Allowance |
| income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. | Earned Income |
| a person working for another person or a business firm for pay. | Employee |
| a person or business that employs one or more people, especially for wages or salary | Employer Employer |
| a person or business that employs one or more people, especially for wages or salary | Federal Income Tax |
| Federal Insurance Contributions Act: U.S. government legislation under which taxes are levied for the support of Social Security. | FICA |
| the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income. | Exemptions |
| total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. | Gross Income |
| An income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). Various income tax... | Federal Income Tax |
| IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS)... | W-2 Form |
| the monetary payment received for goods or services, or from other sources, as rents or investments. | Income |
| W-4 Forms) Employee's Withholding Allowance Certificate. Required by Federal law to be on file with the Payroll Office before any... | W-4 Form |
| Medicare Tax | |
| total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. | Gross Income |
| the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses). | Net Income |
| the monetary payment received for goods or services, or from other sources, as rents or investments. | Income |
| The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax imposed by the federal government on | Social Security Tax |
| 1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment". | W-2 Form |
| W-4 Form | |
| 1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment". | Withholding |
| Social Security Tax | |
| W-2 Form | |
Created by:
ladasiacox
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