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nouna person who pays money for something
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type of:
Definition that contains payer
- return document giving the tax collector information about the taxpayer's tax liability
- refund money returned to a payer
- deduction a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
- exemption a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
- scrip a certificate whose value is recognized by the payer and payee; scrip is not currency but may be convertible into currency
- trade expense ordinary and necessary expenses incurred in a taxpayer's business or trade
- federal tax lien lien of the United States on all property of a taxpayer who fails to pay the federal government the taxes for which he or she is liable
- tax deduction a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
- declaration of estimated tax return required of a taxpayer whose tax withheld from income does not meet the tax liability for the year
- income bracket a category of taxpayers based on the amount of their income