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


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. 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
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

Definition Terms
It’s done every two weeks or done two times a week Biweekly
Is a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Dependent
It’s on money goes directly into your bank account Direct deposit
The money you make a at your job including tips the wages and ect. Earned income
A person employed for wages or salary Employee
It’s exempting a person from paying taxes Exemptions
Where the state collect money from your job Federal income tax
Federal payroll tax and is it deducted from each paycheck FICA
An extra benefits of playing an employee salary for example a company car health insurance. Fringe benefits
It’s a sum of our salaries are wages rent other forms of earnings before deducting taxes. Gross income
How much you work for hour over the years Hourly wage
Tax levied by a government directly on income, especially an annual tax on personal income Income tax
Is 1.45 of the employee wage Medicare tax
Is an entity income minus cost if goods sold Net income
If you work over the amount of hours that you are supposed to work they are supposed to pay you time and a half so you should make a little bit more the. Usual. Overtime pay
refers to various incentive plans Introduced by businesses Profit sharing
What you make in a year over the days Salary
Valuable pay remuneration for services rendered or product sold Sales commissions
Taxes done on Social Security and for. Social Security tax
Is a reduction of income that is able to be taxed and is commonly a result of expenses particularly those incurred to product additional income Tax deduction
Are added income that is taxable. Tips
Is an Internal Revenue Service tax form used in the United States to report wages paid to employees and tax withheld from them. W2 form
Tax form come pleaded by an employee in the United States indicated his or hers tax actuation to the employer. W4 form
The amount of an employee payment held by Playa and Sand Government as particular payment of income tax. Withholding
Created by: Mpolowy21
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