Income and Taxes
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| A sum of money paid regularly to a person, typically to meet specified needs or expenses. | Allowance
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| is a penalty tax | Accumulated Earnings
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| A sum of money paid regularly to a person, typically to meet specified needs or expenses. | Allowance
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| is a penalty tax | Accumulated Earnings
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| salary is the money paid to you when you sell a product or service for a company. Instead of paying you a guaranteed ... | Commissions
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| An amount that is or may be deducted from something, esp. from taxable income or tax to be paid. | Deduction
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| relying on someone or something else for aid support etc. | Dependent
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| A sum of money paid regularly to a person, typically to meet specified needs or expenses. | Allowance
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| Money derived from paid work | Earned Income
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| is a penalty tax | Accumulated Earnings
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| salary is the money paid to you when you sell a product or service for a company. Instead of paying you a guaranteed ... | Commissions
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| A person employed for wages or salary, esp. a nonexecutive | Employee
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| An amount that is or may be deducted from something, esp. from taxable income or tax to be paid. | Deduction
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| A person or organization that employs people | Employer
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| 2.The process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents | Exemptions
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| relying on someone or something else for aid support etc. | Dependent
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| Federal income tax is a system overseen by the IRS which collects money based on your earned income | 11. Federal Income Tax
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| The electronic transfer of a payment directly from the account of the payer to the recipient's account | Direct Deposit
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| Money derived from paid work | Earned Income
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| A person employed for wages or salary, esp. a nonexecutive | Employee
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| A person or organization that employs people | Employer
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| 2.The process of exempting a person from paying taxes on a specified amount of income for themselves and their dependents | Exemptions
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| Federal income tax is a system overseen by the IRS which collects money based on your earned income | Federal Income Tax
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| Under the Federal Insurance Contributions Act (FICA) 12.4% of earned income up to an annual limit must be paid into Social Security, and an additional 2.9% must be paid into Medicare. | FICA
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| Gross income in United States tax law is receipts and gains from all sources less cost of goods sold | Gross Income
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| Money received, esp. on a regular basis, for work or through investments. | Income
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| the amount withheld by your employer from your paycheck that helps cover the cost of running the Medicare ... | 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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| The form used to report wages, tips, other compensation, withheld income and social security taxes,... | W-2 Form
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| IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS)... | W-4 Form
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| also called retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay | Withholding
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