Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

EM II Unit 6

Enterprise Management II Vocabulary Unit 6

QuestionAnswer
Allowance a number that reduces the amount of money withheld from a person's pay
Business/License tax tax to operate certain kinds of businesses
Deductions expenses that can be legally subtracted from income when figuring income tax
Dependent a person one supports financially, such as a child
Excise tax a tax collected on the sale of specific goods and services, such as alcoholic beverages, tobacco, and gasoline
Federal Insurance Contributions Act (FICA) the law that requires workers to contribute to Social Security and Medicare
Form W-2 a summary of a person's earnings and withholdings for the year for each job worked
Form W-4 provides the information an employer needs to determine the proper amount to withhold from a person's paycheck
Gift tax a tax paid by the giver on gifts with values above a federal threshold
Gross income the amount earned before taxes are withheld
Income tax a tax paid on earnings from wages, interest, dividends, and other sources
Internal Revenue Service (IRS) the federal agency that collects income taxes
Net income the amount remaining after withholds are subtracted from gross pay
Payroll tax a tax based on the payroll of a business; paid to the government
Property tax a tax on the value of real estate property
Public goods goods and services provided by the government that benefit all Americans
Sales tax a tax added to the price of goods and services at the time of purchase
Tax return a set of forms that taxpayers use to calculate their tax obligation
Taxable income the income figure used to determine income taxes
Withholding a payroll tax an employer deducts from a person's wages
Created by: judyshipp
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards