finance
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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biweekly | occurring every two weeks
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dependent | relying on someone or something else for aid, support, etc.
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direct deposit | a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.
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earned income |
income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner.
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employee | a person working for another person or a business firm for pay.
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employer | a person or business that employs one or more people, especially for wages or salary:
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exemptions | the circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income.
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FICA | Federal Insurance Contributions Act: U.S. government legislation under which taxes are levied for the support of Social Security.
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fridge benefits | keep things cold
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gross income | Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc.
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income tax | a tax levied on incomes, especially an annual government tax on personal incomes.
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net income | the excess of revenues and gains of a business over expenses and losses during a given period of time.
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profit sharing | the sharing of profits, as between employer and employee, especially in such a way that the employee receives, in addition to wages, a share in the profits of the business.
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salary | a fixed compensation periodically paid to a person for regular work or services.
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tax deduction | an expenditure that is deducted from taxable income.
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tips | extra money received for doing a good job
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w2 form |
a 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.
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Created by:
bobsagiT1
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