Vocabulary
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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An allowance for a person used to reduce the amount of tax withheld from pay. | Withholding Allowance
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The amount used to figure income tax with a tax-rate schedule. | Taxable Income
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A deduction from pay for income tax. | Withholding Tax
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A written record of money paid out. | Cash Payments Record
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Future Spending Goals. | Budget
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A written record of money received. | Cash Receipts Record
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A tax term meaning gross income less adjustments. | Adjusted Gross Income
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The remaining pay after deductions have been subtracted from total or gross wages; take-home pay. | Net Pay
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A tax rate that stays the same for every person regardless of the amount of income they earn in a year. | Flat Tax
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Money paid out of total job benefits for things such as travel, dues, tools. | Job Expenses
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An amount of income that is free from tax. | Exemption
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Money received from interest and dividends. | Unearned Income
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A fixed amount that can be deducted from taxable income. Used in place of itemized deductions. | Standard Deduction
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Paid vacations, sick leave, retirement plans, insurance, and other benefits beyond the wage or salary. | Fringe Benefits
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The corner total on a columnar table. Used to check accuracy of vertical and horizontal addition. | Grand Total
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The total value of the benefits received form a job less job expenses. | Net Job Benefits
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Total income in a year. Includes wages, salaries, commissions, bonuses, tips, interest, dividends, prizes, pensions, sale of stock and profit from a business. | Gross Income
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Money received form working such as wages, salaries, and tips. | Earned Income
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An addition to wages provided by the employer that are of value. | Benefits
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Subtractions from gross pay. | Deductions
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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