A form that provides the employee with a summary of earnings and amounts withheld for federal, state, and local taxes; also called a wage and tax statement.

The Transmittal of Wage and Tax Statements, filed with the federal government to summarize the information contained on the employees' Forms W-2.

An amount of money paid to an employee at a specified rate per hour worked.

A stock transaction in which the person sells or trades stock or securities at a loss and, within 30 days before or after the sale, acquires substantially identical stock or securities, either directly or through an option.

An inventory costing method in which all purchases of an item are added to the beginning inventory of that item; the total cost is then divided by the total units to obtain the average cost per unit.

A business that sells to retailers.

The portion of the Hurricane Wilma disaster area determined by the President before November 14, 2005, to warrant individual or individual and public assistance from the federal government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act by reason of Hurricane Wilma.

The removal of cash or another asset from the business by the owner for personal uuse.

A working paper used to collect information from ledger accounts for use in completing end-of-fiscal-period work.

The amount by which current assets exceed current liabilities.