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

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.

Question

A sum of money paid regularly to a person, typically to meet specified needs or expenses
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Question

profits are a company's net profits after deducting distributions to the stockholders. This is calculated as of the beginning of the year.
Remaining cards (19)
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

Income And Taxes

QuestionAnswer
A sum of money paid regularly to a person, typically to meet specified needs or expenses Allowance
profits are a company's net profits after deducting distributions to the stockholders. This is calculated as of the beginning of the year. Accumulated Earnings
the fee allotted to an agent for services rendered Commissions
2.An amount that is or may be deducted from something, esp. from taxable income or tax to be paid Deduction
Relying on or requiring the aid of another for support Dependent
The electronic transfer of a payment directly from the account of the payer to the recipient's account. Direct Deposit
Money derived from paid work Earned Income
A person employed for wages or salary, esp. a nonexecutive A person employed for wages or salary Employee
A person or organization that employs people Employer
2.The process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents Exemptions
An income tax is a tax levied on the income of individuals or businesses Federal Income Tax
Federal Insurance Contributions Act. FICA
Gross income in United States tax law is receipts and gains from all sources less cost of goods sold. Gross income is the starting point... Gross Income
Money received, esp. on a regular basis, for work or through investments Money received, esp. on a regular basis, for work or through investments Income
The Federal government has set forth that employers must make deductions from employees’ paychecks for Social Security and Medicare... Medicare Tax
the excess of revenues over outlays in a given period of time Net Income
The Federal Insurance Contributions Act (FICA) tax is a United States payroll Social Security Tax
(W-2 Forms) Wage and Tax Statement. The form used to report wages, tips, other compensation, withheld income and social security taxes,... W-2 Form
IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS)... W-4 Form
2.Suppress or hold back Withholding
Created by: dre1996
Popular Finance 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