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income
| Question | Answer |
|---|---|
| a sum of money allotted or granted to a person on a regular basis, as for personal or general living expenses: | 1. Allowance |
| 2. the sum of a company's profits, after dividend payments, since the company's inception | 2. Accumulated Earnings |
| paid entirely or partially with commissions from sales one has made or for work one has done: | 3. Commissions |
| something that is or may be deducted | 4. Deduction |
| relying on someone or something else for aid, support, etc. | 5. Dependent |
| a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients | 6. Direct Deposit |
| income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. | 7. Earned Income |
| a person working for another person or a business firm for pay | 8. Employee |
| a person or business that employs one or more people, especially for wages or salary | 9. Employer |
| the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income. | 10. Exemptions |
| An income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). | 11. Federal Income Tax |
| Federal Insurance Contributions Act | 12. FICA |
| Gross income in United States tax law is receipts and gains from all sources less cost of goods sold | 13. Gross Income |
| Money received, esp. on a regular basis, for work or through investments | 14. Income |
| The Federal government has set forth that employers must make deductions from employees’ paychecks for Social Security and Medicare | 15. Medicare Tax |
| the excess of revenues over outlays in a given period of time | 16. Net Income |
| The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax imposed by the federal government on | 17. Social Security Tax |
| Wage and Tax Statement. The form used to report wages, tips, other compensation, withheld income and social security taxes | 18. W-2 Form |
| IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service | 19. W-4 Form |
| 1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment | 20. Withholding |
Created by:
jamarb
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