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Income and Taxes

TermDefinition
Bi Weekly Appearing or taking place every two weeks or twice a week.
Dependent A person who relies on another, especially a family member, for financial support.
Direct Deposit A deposit of money by a payer directly into a payee's bank account.
Earned Income Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses.
Employee
Employer
Exemptions
Federal Income Tax
FICA
Fringe Benefits
Gross Income
Hourly Wage
Income Tax
Medicare Tax
Net Income
Overtime Pay
Profit Sharing
Salary
Sales Commissions
Social Security Tax
Tax Deduction
Tips
W2 Form
W4 Form
Withholding Allowance
Created by: Makhdar8
Popular Finance sets

 

 



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