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income and taxes

QuestionAnswer
A sum of money paid regularly to a person, typically to meet specified needs or expenses. Allowance
Earnings not paid out as dividends but instead reinvested in the core business or used to pay off debt Accumulated Earnings
paid entirely or partially with commissions from sales one has made or for work one has done Commissions
something, esp a sum of money, that is or may be deducted Deduction
relying on someone or something else for aid, support, etc. Dependent
a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. Direct Deposit
A sum of money paid regularly to a person, typically to meet specified needs or expenses. Allowance
income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. Earned Income
a person working for another person or a business firm for pay. Employee
a person or business that employs one or more people, especially for wages or salary Employer Employer
a person or business that employs one or more people, especially for wages or salary Federal Income Tax
Federal Insurance Contributions Act: U.S. government legislation under which taxes are levied for the support of Social Security. FICA
the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income. Exemptions
total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. Gross Income
An income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). Various income tax... Federal Income Tax
IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS)... W-2 Form
the monetary payment received for goods or services, or from other sources, as rents or investments. Income
W-4 Forms) Employee's Withholding Allowance Certificate. Required by Federal law to be on file with the Payroll Office before any... W-4 Form
Medicare Tax
total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. Gross Income
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses). Net Income
the monetary payment received for goods or services, or from other sources, as rents or investments. Income
The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax imposed by the federal government on Social Security Tax
1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment". W-2 Form
W-4 Form
1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment". Withholding
Social Security Tax
W-2 Form
Created by: ladasiacox