Accounting 2
This is the primary reason an employee fills out a W-4, so their employer knows how much of this to "hold back" from their paycheck for the IRS
What is Federal Income Tax
This term refers to the percentage of a company an entrepreneur is willing to give up in exchange for a Shark’s investment.
What is Equity?
On the W-4, this specific "status" usually results in the highest amount of tax being withheld
What is Single (or Married Filing Separately)?
Kevin O'Leary, aka "Mr. Wonderful," often offers this type of deal where he gets paid a specific amount for every unit sold instead of (or in addition to) equity.
What is a Royalty (or Venture Debt)?
An employee can claim this status on their W-4 only if they had no tax liability last year and expect none this year, resulting in zero federal tax withheld.
What is Exempt?