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A type of profit-sharing plan in which benefits come in the form of stock in the employer.

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Simply refers to the income earned by the workers in exchange for their labor or services.

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Depreciation refers to any method that attributes the historical or purchase cost of a particular asset, in relation to the normal wear and tear. It allows business or individuals to subtract a particular portion of the cost of an asset during each year of its predetermined life.

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Depletion is no-cash deduction from the income tax computations. This allows the owner of a particular natural resources (e.g. oil well) to decrease a portion of the cost of the asset during each year of its presumed productive life.

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Deferred Compensation is the arrangement wherein a portion of the employer’s income is given out of the date in which the actual income was earned. Examples of deferred compensation are pensions, retirement plans, and stock options.

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Community property is the system governing marital properties or those acquired during marriage (except for gifts and inheritances) which are jointly owned by the spouses and must be divided going divorce, annulment or death.
Difference between community property and common law also changes how the federal tax applies to spouses. Example of which is married taxpayers [...]

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Cash Method is one of the two primary accounting methods used in calculating taxable income. In this method, the transaction is taxed when the payment is made. There are three types of taxpayers that cannot use this method- corporation, partnerships with at least one C corporation partner and tax shelters.

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Capital gains are the profit that a business collects from the sale or exchange of a capital asset over its purchase price. Capital loss, on the other hand, refers to the decline in the amount of capital asset.
In a general manner, these are the gains or the losses incurred from the sale or exchange of [...]

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Capital expenditures (CAPEX) are the expenditures incurred that have future benefits, These are the expenditure made by a specific business to purchase fixed assets or to add to the value of an existing fixed asset which has a life that goes beyond the taxable year.

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Cafeteria Plan refers to an employee benefit offered in the United States under Section 125 of the Internal Revenue Code. Cafeteria plan allows the employees to select from the variety of taxable and nontaxable benefits.

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