Income and Taxes
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | you receive money every two weeks or twice a week
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| show | electronic transfer of a payment directly from the account of the payer to the persons account
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| show | money derived from paid work
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| Employee | show 🗑
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| show | a person or organization that employs people
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| Exemptions | show 🗑
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| show | the tax levied by the IRS on the annual earnings of individuals and other legal entities
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| show | Federal Insurance Contribuations Act. the money that is taken out of workers paychecks to pay older Americans their Social security retirement and medicare.
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| show | an extra benefit supplementing an employees salary
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| Gross Income | show 🗑
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| Hourly Wage | show 🗑
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| show | tax levied by a government directly on income
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| show | a tax on wages that U.S employers are liable to withhold from employees paychecks to cover the cost of the medicare program
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| show | the amount of revenue left after subtracting all expenses, taxes and costs
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| show | the amount of overtime paid to each employee in a pay period
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| show | a system in which the people who work for a company receive a direct share of the profits
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| Salary | show 🗑
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| show | additional compensation the employee receives for meeting and exceeding the minimum sales threshold
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| show | the tax levied on both employers and employees to fund the social security program
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| Tax deduction | show 🗑
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| show | is a sum of money customarily given by a client or customer to certain service sector workers for the service they performed
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| W2 Form | show 🗑
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| W4 Form | show 🗑
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| show | refers to an exemption that reduces how much income tax an employer deducts from an employees paycheck. the employer then uses the W-4 information to determine how much of an employees pay to subtract from their paycheck to remit to the tax authorities
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Created by:
zgeiogamah20
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