Taxpayer Definitions

Useful Words

---

Deduction : منہائی , Exemption : چھوٹ , Payer : ادا کرنے والا , Client : گاہک , Dutch Treat : ایسا کھانا جس میں ہر شخص اپنے اخراجات خود برداشت کرتا ہے , Briber : رشوت دینے والا , Croupier : جواریوں کا خزانچی , Ratepayer : ٹیکس دہندہ , Money Dealer : پیسے کی لین دین کرنے والا , Renter : کرایہ دار , Hospitalization : ہسپتال کا بیمہ , Bookie : جواری , Bookworm : نظریہ پرست , Taxer : محصول دار , Collector Of Internal Revenue : ٹیکس جمع کرنے والا , Expendable : بعد از ٹیکس , Remit : چھوڑ دینا , Hidden Tax : خفیہ ٹیکس , Take-Home Pay : خالص تنخواہ , Accumulator : جمع کرنے والا , Ad Valorem Tax : اشیائے صرف کا محصول , Corvee : کمی , Beat : ادا نہ کرنا , 401-K : چار سو ایک بیمہ , Pay : سزا بھگتنا , Individual : شخص , Revenue Enhancement : محصول

Useful Words Definitions

---

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.).

Payer: a person who pays money for something.

Client: someone who pays for goods or services.

Dutch Treat: a dinner where each person pays for his own.

Briber: someone who pays (or otherwise incites) you to commit a wrongful act.

Croupier: someone who collects and pays bets at a gaming table.

Ratepayer: a person who pays local rates (especially a householder).

Money Dealer: a person who receives or invests or pays out money.

Renter: someone who pays rent to use land or a building or a car that is owned by someone else.

Hospitalization: insurance that pays all or part of a patient`s hospital expense.

Bookie: a gambler who accepts and pays off bets (especially on horse races).

Bookworm: a person who pays more attention to formal rules and book learning than they merit.

Taxer: a bureaucrat who levies taxes.

Collector Of Internal Revenue: someone who collects taxes for the government.

Expendable: (used of funds) remaining after taxes.

Remit: release from (claims, debts, or taxes).

Hidden Tax: a tax paid unwittingly by the consumer (such as ad valorem taxes).

Take-Home Pay: what is left of your pay after deductions for taxes and dues and insurance etc.

Accumulator: a person who is employed to collect payments (as for rent or taxes).

Ad Valorem Tax: a tax levied on the difference between a commodity`s price before taxes and its cost of production.

Corvee: unpaid labor (as for the maintenance of roads) required by a lord of his vassals in lieu of taxes.

Beat: avoid paying financial obligations, taxes, fees, or debts through legal or illegal means, often to reduce expenses or liabilities.

401-K: a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself.

Pay: bear (a cost or penalty), in recompense for some action.

Individual: a human being.

Revenue Enhancement: charge against a citizen`s person or property or activity for the support of government.