Income Taxes Word Scramble
|
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
Normal Size Small Size show me how
Question | Answer |
a sum of money allotted or granted for a particular purpose, as for expenses | Allowance |
A company's accumulated retained earnings are the cumulative residual profits or losses since the start of its business activities. If it is a positive amount, | Accumulated Earnings |
the act of committing or giving in charge | Commissions |
the act or process of deducting; subtraction. | Deduction |
relying on someone or something else for aid, support, etc. | Dependent |
a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients. | Direct Deposit |
income from wages, salaries, fees, or the like, accruing from labor or services performed by the earner. | Earned Income |
a person working for another person or a business firm for pay. | Employee |
a person or thing that makes use of or occupies someone or something: an inadequate employer of one's time | Employer |
circumstances of a taxpayer, as age or number of dependents, that allow him or her to make certain deductions from taxable income. | Exemptions |
a tax levied on incomes, especially an annual government tax on personal incomes. | Federal Income Tax |
Federal Insurance Contributions Act: U.S. government legislation under which taxes are levied for the support of Social Security. | FICA |
Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. | Gross Income |
the monetary payment received for goods or services, or from other sources, as rents or investments. | Income |
An employee's earnings that are subject to a U.S. payroll tax known as the "Medicare | Medicare Tax |
the excess of revenues and gains of a business over expenses and losses during a given period of time. | Net Income |
the tax levied on both employers and employees used to fund the Social Security program. Social Security tax is usually collected in the form of payroll tax or self-employment tax. | Social Security Tax |
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. | W-2 Form |
A form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck. | W-4 Form |
to hold back; restrain or check | Withholding |
Created by:
Mcarr
Popular Finance sets