Repeating time frame used to calculate and pay wages.

Someone who accepts a job.

Trading items other than money.

Often paid to salespeople and calculated as a percent of sales.

A person or company who hires.

Income which does not come from work.

Fixed compensation

A person who starts a business venture

Extra pay for working more than 40 hours in a week.

Something of value offered to employees in addition to wages.

an increase in pay

Used to calculate and claim withholding allowances.

Paid by the employee in connection with work

Tax rate increases for higher income levels.

Anything that is subtracted from gross pay.

Includes Social Security and Medicare tax.

Gross pay plus employee benefits

Tax rate is the same for all income levels.

Deduction from paycheck for federal income tax.

Summarizes an employee's earning and tax withholdings

Total income earned by a taxpayer.

An expense which reduces the amount of income subject to tax.

When a capital asset is sold for a profit.

FICA tax for people who work for themselves.

Tax paid on the value of someone's possessions when they die.

Equals adjusted gross income minus deductions and exemptions.

Reduces the amount of income subject to tax and allowed for each person who depends on your income.

Given to taxpayers when tax withholdings exceed the taxes due to the government.

Reports a taxpayer's income and calculates the taxes due to the government.

A place to deposit money for safekeeping and to earn interest.

The act of putting money in a bank.

When you have written checks for more than you have in your checking account.

Summarizes your bank account activity.

Current amount of money in your bank account.

Authorizes the transfer of money to another person or entity.

A bank account that pays interest.

Verify that you and your bank agree on your balance.

Transfer money without using cash or checks.

Fee charged by a lender to a borrower for the use of money.