Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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

The act of allowing Allowance
To mount up; increase. Accumulated Earnings
With a sales commission serving as full or partial recompense for the work done Commissions
The act of deducting; subtraction. Deduction
Contingent on another. Dependent
The electronic transfer of a payment directly from the account of the payer to that of the party being paid. Direct Deposit
(Economics) income derived from paid employment and comprising mainly wages and salaries Earned Income
A person who works for another in return for financial or other compensation Employee
A legal entity that controls and directs a servant or worker under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation Employer
Amount that can be legally deducted from a gross income to arrive at the taxable income. Exemptions
Tax liabilities can be adjusted using various resources. Federal Income Tax
Legislation in the United States that requires employees to contribute a certain percentage of their wages or salaries via payroll deductions to finance Medicare and Social Security FICA
A person's total income prior to exclusions and deductions. Gross Income
The money a person makes from labor, investment, or any other source, especially in the course of a year. Receiving income is the goal of all commerce. It is usually taxed by the government Income
A certain percentage of wages or salaries used to finance Medicare. Employees are required to contribute 1.45% of their income to pay for Medicare, with no income limit. Employers are required to make matching contributions for each employee Medicare Tax
The company's total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses Net Income
A program of the United States federal government that provides income to disabled and (especially) elderly people. Social Security Tax
A form that an employer provides an employee each year indicating the employee's wages, salary, and/or tips and the amount of tax withheld over the course of the year W-2 Form
A form that employees fill out when starting a job in the United States W-4 Form
Used in the context of securities, the illegal practice of a public offering participant keeping some shares in a private account or with a family member, employee Withholding
Created by: mialantae