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As you work with 3-year-old Effie, you keep track of all the new words she uses. You find that, on average, Effie uses two or three new words every week over a period of several months. Based on this information, Effie's language development:
Federal Income Tax
The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
FUTA Taxes
Federal Unemployment Tax Act (FUTA) taxes are federal employer taxes that contribute to state workforce agencies to fund unemployment benefits.
Tax Liability
The total amount of tax owed by an individual, corporation, or other entity to a taxing authority.
Quarter
A three-month period on the financial calendar that corporations use to report their earnings and performance, commonly divided into Q1, Q2, Q3, and Q4.
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