Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

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.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


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.

Remove ads
Don't know
Know
remaining cards
Save
0:01
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:
Retries:
restart all cards




share
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
An amount or share alloteed or granted. Allowance
are a companys net profits after deducting distributions to the stockholders. Accumulated Earnings
A service charge assessed by a broker or investment advisor in return for providing. Commissions
Any item or expenditure subtracted from gross income to reduce the amount of income. Deduction
An individual whom a taxpayer can claim for credits and/or exemptions. Dependent
Electronic funds that are deposited directly into your bank account rather than through a paper check. Direct Deposit
Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. Earned Income
A person employed for wages or salary, esp. a nonexecutive. Employee
A person or organization that employs people. Employer
1.The process of freeing or state of being free from an obligation or liability imposed on others. Exemptions
An income tax is a tax levied on the income of individuals or businesses (corporations or other legal entities). Federal Income Tax
U.S. law requiring a deduction from paychecks and income that goes toward the Social Security program and Medicare. FICA
Gross income in United States tax law is receipts and gains from all sources less cost of goods sold. Gross Income
Created by: DatAss