20 Terms
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Tax
Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.
Industry: Accounting
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Tax
jobber
Accounting; Tax
A party who buys goods and resells them, acting as a middleman between a distributor and a retailer
job cost sheet
Accounting; Tax
A list of materials, labor, and other costs along with budgeted and/or actual amounts for the manufacture of a product or to provide a service
joint-and-last survivor annuity
Accounting; Tax
A type of annuity where income is payable during the lifetimes of two or more annuitants and continues until the death of the last survivor
joint-and-last-survivorship option
Accounting; Tax
When paying out the proceeds of an insurance policy, payments continue until the death of the last survivor of two persons
junior mortgage
Accounting; Tax
A lien that is below that of another mortgage The holder of a junior mortgage can usually be satisfied only after a more senior lender is paid off Thus, the interest rate on a junior mortgage is ...
abatement
Accounting; Tax
The removal of a nuisance or a reduction or a decrease such as a tax abatement
k-1
Accounting; Tax
The information form from a partnership, S corporation, trust or estate, which provides the flow-through income and losses to be reported on an investor's individual return
