Wash Sale

Wash Sale means:
a sale or other disposition of stock or securities at a loss accompanied by a purchase of substantially identical stock or securities during a period beginning 30 days before the date of sale or other disposition and ending 30 days after that date-a total of 61 days. The […]


Description and Definition of W-2 By January 31st of each year your employer sends you and the IRS this form to report your annual wages, federal taxes withheld, and other information. This form will also reflect state taxes withheld, social security wages and withholdings, Medicare wages and […]


Withholding means:
the retaining ("pay-as-you-earn" taxation) by an employer of a portion of an employee's wages for the purpose of paying for various taxes, insurance plans, pension plans, union dues, and other deductions. Money, for example, that employers withhold from […]

Wage Base

Description and Definition of Wage Base The level of earnings to which the full Social Security tax applies. For 1999 the full 15.30% tax applies to the first $72,600 of wages or self-employment income and the 2.9% Medicare portion applies to all income over that level. Resources See Also […]

Withholding Allowance

Description and Definition of Withholding Allowance Your withholding allowance is the total number of allowances or exemptions you claim on your Form W-4. The more allowances you claim the less income tax will be withheld. Generally, you claim one allowance for yourself, your spouse, and each […]


Workforce Innovation and Opportunity Act Issue You may find information about Workforce Innovation and Opportunity Act in this Tax Platform of the American Encyclopedia of Law.


Description and Definition of W-4 You complete this form so your employer can calculate the amount of tax to withhold from your pay. You can file a new Form W-4 anytime your tax situation changes and you choose to have more or less tax withheld. Resources See Also Further Reading W-4 in the […]


Description and Definition of Witness An individual who testifies at a trial on what he has seen, heard, or otherwise observed. Resources See Also Further Reading Witness in the West's Tax Law Dictionary Witness in "A Dictionary of Taxation"


About Wages: Compensation received by employees for services performed to the employers. Usually, in the United States and in some other countries, wages are computed by multiplying an hourly pay rate by the number of hours worked….