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W-2 Form - The form that an employer must send
to an employee and the IRS at the end of the year. The W-2 form
reports an employee's annual wages and the amount of taxes withheld
from his or her paycheck.
A W-4 is a form that individuals complete for withholding purposes,
whereas a W-2 form is for employers to fill out.
W-4 Form - A form completed by an employee to
indicate his or her tax situation (exemptions, status, etc.) to the
employer. The W-4 form tells the employer the correct amount of tax
to withhold from an employee's paycheck.
Remember that you can file a new W-4 anytime your situation changes.
A change in status can result in more or less tax being withheld.
Warrants
- Certificates giving the holder the right to purchase securities at
a stipulated price within a specified time limit or perpetually.
Sometimes a warrant is offered with securities as an inducement to
buy.
Waiver of Premium
- If a policy contains this provision, premiums don't have to be
paid while an insured person is incapacitated.
Will
- A written document through which a person disposes of property
after death.
Windfall Tax - A tax levied by
governments against certain industries when economic conditions
allow those industries to experience above-average profits. Windfall
taxes are primarily levied on the companies in the targeted industry
that have benefited the most from the economic windfall, most often
commodity-based businesses.
Withholding Tax
-
1. Income tax withheld
from employees' wages and paid directly to the government by the
employer. 2. A tax
levied on income (interest and dividends) from securities owned by a
non-resident.
When issued
- A short form of "when, as and if issued." The term indicates a
conditional transaction in a security authorized for issuance but
not as yet actually issued. All "when issued" transactions are on an
"if" basis, to be settled if and when the actual security is issued
and the exchange or National Association of Securities Dealers rules
the transactions are to be settled.
Whole Life Insurance
- Policies that build a cash value and cover a person for as long as
he or she lives if premiums continue to be paid.
Working control
- Theoretically, ownership of 51% of a company's voting stock is
necessary to exercise control. In practice - and this is
particularly true in the case of a large corporation - effective
control sometimes can be exerted through ownership, individually or
by a group acting in concert, of less than 50%.
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