Financial Documents
Taxes
Compensation
Tax forms
Business Plan
100
What is Difference between the 3 financial documents?
What is Each type of financial statement provides financial decision makers with different types of information necessary to run the company. For example, the income statement details the company's revenues, gains, expenses and losses but does not include cash receipts or cash disbursements. Meanwhile, the balance sheet often includes what might be referred to as theoretical money such as money that is owed to the company but not yet collected, while the cash flow statement reports money actually received or paid.
100
without deductions; total, as the amount of sales, salary, profit, etc., before taking deductions for expenses, taxes,
What is gross pay
100
a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
What is wage
100
Every employer engaged in a trade or business who pays remuneration, including noncash payments of $600 or more for the year (all amounts if any income, social security, or Medicare tax was withheld) for services performed by an employee must file a Form W-2 for each employee
What is W-2
100
It lets the investor know what the business is about andgives them valid information
What is purpose of business plan
200
There are different types of accounts found in each of the financial documents. Income, Cash Flow, Balance sheet.
What are the types of accounts found in each document?
200
amount one receives after taxes and deductions have been withheld during a pay period.
What is net pay
200
a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
What is salary
200
Complete this form so that your employer can withhold the correct federal income tax from your pay.
What is W-4
200
Business plan comes in these to help the investor know what they are getting into.
What are the parts of a business plan
300
All of the documents will give you a status of your money and what your company is worth and how much money it owes.
What is the purpose for each document?
300
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
What is disposable income
300
an amount of money added to wages on a seasonal basis, especially as a reward for good performance.
What is bonus
300
Income tax return filed by certain citizens or residents of the United States.
What is 1040EZ
300
Strengths, weaknesses, opportunities, and threats
What is SWot
400
Earned income, Operating activities, Balance sheet
What is examples of each?
400
income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items.
What is discretionary income
400
a sum or percentage of what has been paid that is allowed to agents, sales representatives, etc., for their services:
What is commission
400
Annual income tax return filed by citizens or residents of the United States
What is 1040
400
Lets the investor know how the business will be assessed against the other businesses
What is purpose of swot
500
The amount of income that is used to calculate an individual's or a company's income tax due.
What is taxable income
500
Salaried nonexempt employees are still entitled to FLSA overtime pay if, when and to the extent that they actually work more than 40 hours in a work week.
What is overtime pay
500
a form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.
What is tax return
500
most common visual depiction of how an organization is structured. It outlines the roles, responsibilities and relationships between individuals within an organization.
What is organizational chart