Tax Terminology

3. Income from all taxable sources, minus certain adjustments
5. A retirement plan for the self-employed
7. A corporation generally pays no tax because profits and losses are passed on and taxed to the shareholders.
9. The Money you get back
11. Compensation, such as salary, commissions and tips, you receive for your personal services (2 words)
14. A deduction to reflect the gradual loss of value of business property as it wears out
16. Federal Taxing Authority
17. a tax-favored retirement plan mainly for self-employed taxpayers
18. The Savings Incentive Match Plan for Employees
19. Act tax that pays for Social Security and Medicare is split 50/50 between employers and employees.
20. The fastest way to file your tax return
23. The loss from the sale of assets such as stocks, bonds, mutual funds and real estate (2 words)

1. Employer sponsored retirment plan
2. The amount held back from your wages each payday
4. Benefits in a company retirement plan that are yours to keep if you leave the job (2 words)
6. The tax-free transfer of funds from one individual retirement account (IRA) to another
8. A return that is revised
10. Write-offs you are permitted to subtract from your gross income
12. Profit from the sale of such property as stocks, mutual-fund shares and real estate (2 words)
13. Someone you support and for whom you can claim
15. Name of fee for late filing
21. A tax-favored account designed to encourage saving for retirement.
22. Qualifying payments to an ex-spouse