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Lance primarily works in the receiving department for a manufacturer. Every month he does move around to other areas such as to production to help finish products and to shipping to help with packaging. This is known as
Subject to Withholding
Income that is subject to tax withholding by the payer, which includes wages, certain types of gambling winnings, and other payments.
Dependent
An individual, usually a child or spouse, who relies on another person for financial support and qualifies for certain tax benefits.
Exemption Amount
The portion of an individual's or entity's income that is not subject to tax, reducing taxable income.
Tax Return
The form or forms used to report income and file income taxes with tax authorities, including information on income earned, deductions, and credits claimed.
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