income and taxes
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each of the black spaces below before clicking
on it to display the answer.
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| an amount or share allotted or granted | Allowance
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| to gather or collect, often in gradual degrees; heap up: to accumulate wealth. | Accumulated
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| wages; profits. | Earnings
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| an authoritative order, charge, or direction | Commissions
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| something that is or may be deducted: She took deductions for a home office and other business expenses from her taxes. | Deduction
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| plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. | Direct Deposit
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| income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner | Earned Income
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| noun a person working for another person or a business firm for pay. | Employee
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| a person or thing that makes use of or occupies someone or something: an inadequate employer of one's time. | Employer
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| the act of exempting. | Exemptions
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| 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
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| Federal Insurance Contributions Act: U.S. government legislation under which taxes are levied for the support of Social Security. | FICA
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| Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. | Gross Income
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| something that comes in as an addition or increase, especially by chance. | Income
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| Medicare taxes are imposed at a flat tax rate of 2.9% on wages, salaries, and business or farming income earned by self-employed individuals | medicare Tax
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| the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses) | Net Income
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| The Federal Insurance Contributions Act (FICA) tax is a United States payroll (or employment) tax imposed by the federal government on... | Social Security Tax
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| standard tax form showing the total wages paid to an employee and the taxes withheld during the calendar year: prepared by an employer for each employee. | W-2 Form
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| so that your employer can withhold the correct federal income tax from your pay. | W-4 Form
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| to refrain from giving or granting: to withhold payment | Withholding
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