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 […]

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 […]


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 […]


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….

Wage Bracket Method

About Wage Bracket Method: Wage Bracket Method (withholding) is a method of computing the amount of income tax to withhold. Wage amounts are divided into brackets for weekly, biweekly, semimonthly, and monthly payroll periods. The table for each period is further divided by the number of dependents….

Water's Edge Election

Water's Edge Election means:
a decision by a multinational corporation to limit a state's tax authority to the activities of the corporation that occur within the borders of the United States….