Statement that shows company's inflow and outflow of cash.
What is cash flow?
100
Total amount paid to an employee each pay period.
What is gross pay?
100
Report wages and salary information, also reports taxes withheld from your paycheck.
What is a W-2 form?
100
Analyzes accounting records, computes taxes, develops budgets, provides auditing services and even gives financial advice.
What does the accounting department do?
100
A tax imposed by the government at the point of sale on retail goods and services.
What is sales tax?
200
Property or product owned by a company that holds value.
What are assets?
200
Employees pay after all the deductions.
What is net pay?
200
To file your federal return for free.
What is the purpose of a 1040EZ form?
200
Hires employees, and pays us.
What is the importance of the Human Resources department?
200
Federal Health insurance for people over 65, with disabilities, and diseases.
What is Medicare?
300
How much income a company has earned over a set amount of time.
What do income reports show?
300
Wage is a regular payment, but a salary has an annual sum.
What is difference between wage and salary?
300
Proper federal income tax.
What information does a W-4 form provide?
300
You inform the Chairman of the Board, or CEO.
What do you do if you can't come to work?
300
Rewards for good performances.
What are bonuses?
400
Cash flow.
What states whether the company made or loss cash?
400
Amount of income that is used to calculate income tax due.
What is Taxable Income?
400
1040EZ is free and 1040 isn't free.
What is the difference between a 1040EZ and a 1040 form?
400
Contributes to company growth and profitability.
What does the Marketing department do?
400
Percentage of money you have to pay the government based on your income or salary.
What is State Income Tax?
500
Cash flow shows the company's inflow and outflow of cash, income is how much the company has earned, and balance sheet shows the company's assets and liabilities.
What is the difference between cash flow, income, and balance sheet?
500
Income remaining after deductions and spent on necessities
What is a Discretionary Income?
500
Report that shows how much revenue (income) a company has earned over a set amount of time.