Income &Taxes
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| an amount allowed or granted (as during a given period); | 1. Allowance
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| An accounting term applicable to stockholders of closely held businesses. Accumulated earnings and profits are a company's net profits after deducting distributions to the stockholders. | 2. Accumulated Earnings
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| A service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security | 3. Commissions
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| An amount that is or may be deducted | 4. Deduction
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| relying on someone or something else for aid, support, etc. | 5. Dependent
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| a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. | 6. Direct Deposit
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| income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. | 7. Earned Income
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| a person working for another person or a business firm for pay. | 8. Employee
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| a person or business that employs one or more people, especially for wages or salary: a fair employer. | 9. Employer
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| the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income | 10. Exemptions
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| Definition of 'Federal Income Tax' A tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts . | 11. Federal Income Tax
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| Federal Insurance Contributions Act | 12. FICA
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| An employment benefit given in addition to one's wages or salary. | 13. Fringe Benefits
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| Economic wealth that is generated in exchange for an individual's performance of agreed upon activities or through investing capital. | 14. Income
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| The Federal government has set forth that employers must make deductions from employees’ paychecks for Social Security and Medicare... | 15. 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). | 16. 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 | 17. Social Security Tax
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| Wage and Tax Statement. The form used to report wages, tips, other compensation, withheld income and social security taxes | 18. 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 | 19. W-4Form
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| 1.Refuse to give (something that is due to or is desired by another): "the withholding of consent to treatment". | 20.Withholding
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