A payment for work that is usually calculated on an hourly, daily or piecework basis.

The amount paid for working time in a week that is beyond the standard 40 hour workweek.

a fixed payment for work and is expressed as an annual figure.

A wage based a on rate per unit of work completed.

Income paid as a percentage of sales made by a salesperson.

Money paid for service that is beyond what is required, usually called a gratuity.

Money added to an employee's base pay.

Total income before deductions.

A subtraction from Gross Pay

the Employee's Withholding Allowance Certificate that helps an employer determine how much income tax to withhold an employee's paycheck as payroll deductions

An individual who relies on someone else for financial support, such as a child, a spouse or an elderly parent.

Better known as take home pay, the amount of money remaining after deductions have taken place

Social Security and Medicare taxes covered by the Federal Insurance Contributions Act

a form of noncash compensation received in addition to a wage or salary

Wages, salaries or benefits paid to employees

The amount of time a person spends on work compared to the amount of time spent on personal life.

A report containing information used to calculate taxes owed by the taxpayer

Expectation from the government that all individuals and businesses to voluntarily report all income that is subject to the income tax

A wage and tax statement that shows an individual's earnings and the amounts of taxes withheld from the earned income during the current year.

All of the income a taxpayer receives in a year including both earned and unearned income

earnings from sources other than work, monetary gifts, lottery winnings, rent, interest on savings accounts, investments, etc.

the amount on which taxes are calculated

this is calculated by subtracting adjustments from total income.

the amount that is subtracted from adjusted gross income, which further reduces taxable income.

an allowed expense that can be deducted from adjusted gross income

a fixed amount that may be deducted from adjusted gross income

an amount that a taxpayer can claim for each person who is dependent on that person's income

the amount of total tax owed on income for the year.

amount that is subtracted from the taxes an individual owes, if eligible.

A table or chart that categorizes levels of taxable income with the corresponding tax amounts.

a review of financial records and statements to make sure the information is accurate as reported.

a detailed examination of a tax return by the IRS

a tax means used to use legal authority to impose a payment

expenditures that Congress has legislated into law

a Federal program that provides earnings when earnings are reduced or stopped because of retirement, serious illness or injury, or death.

Federal program that pays for certain health care expenses for older citizens and others with disabilities.

a limitation that affects a person's ability to function in major life activities.

a government program that pays certain health-care costs for eligible, low-income individuals and families. It is funded by state governments.

a payment made to an individual from the Federal Government through various social benefit programs.

An expense item that can be adjusted according to needs and revenues

tax that is paid directly to the government by the taxpayer

a tax levied on one person or entity, but shifted to or paid by another. Example, sales tax.

imposes a higher tax rate on those with higher incomes.

has the effect of imposing a higher tax rate on those with lower incomes.

imposes the same tax rate on all individuals regardless of income