http://www.taxprepfillmore.com/taxonomy/term/16/0 en http://www.taxprepfillmore.com/income-tax-glossary/s/standard-deduction <p>Reduces the income subject to tax and varies depending on filing status, age, blindness, and dependency.</p> S Tue, 12 Oct 2010 03:47:40 +0000 admin 91 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/support <p>For dependency test purposes, support includes food, clothing, shelter, education, medical and dental care, recreation, and transportation.</p> <p><a href="http://www.taxprepfillmore.com/income-tax-glossary/s/support" target="_blank">read more</a></p> S Tue, 12 Oct 2010 03:47:40 +0000 admin 92 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/self-employment-loss <p>Self-employment income minus self-employment expenses, when self-employment income is less than self-employment expenses.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 84 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/self-employment-profit <p>Self-employment income minus self-employment expenses, when self-employment income is greater than self-employment expenses.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 85 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/self-employment-tax <p>Similar to Social Security and Medicare taxes. The self-employment tax rate is 15.3 percent of self-employment profit. The self-employment tax is calculated on Schedule SE—Self-Employment Tax.</p> <p><a href="http://www.taxprepfillmore.com/income-tax-glossary/s/self-employment-tax" target="_blank">read more</a></p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 86 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/single-filing-status <p>If on the last day of the year, you are unmarried or legally separated from your spouse under a divorce or separate maintenance decree and you do not qualify for another filing status.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 87 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/sin-tax <p>A tax on goods such as tobacco and alcohol.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 88 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/social-security-tax <p>Provides benefits for retired workers and their dependents as well as for the disabled and their dependents. Also known as the Federal Insurance Contributions Act (FICA) tax.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 89 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/software-developer <p>Develops software for the purposes of (1) formatting electronic tax return information according to IRS specifications, and/or (2) transmitting electronic tax return information directly to the IRS.</p> S Tue, 12 Oct 2010 03:47:39 +0000 admin 90 at http://www.taxprepfillmore.com http://www.taxprepfillmore.com/income-tax-glossary/s/salary <p>Compensation received by an employee for services performed. A salary is a fixed sum paid for a specific period of time worked, such as weekly or monthly.</p> S Tue, 12 Oct 2010 03:47:38 +0000 admin 82 at http://www.taxprepfillmore.com