Chapter 4 Word Search E M F T J X R LUO U RRDD GRE L S NL W U PC AF TO DE PMS V W R C R RD M N S J QOX X NS ONT FT ZU OE M A UDGAU I U RR FU KST NE NW J B MR G Y S BN E RN JZ G M C R E F A C R S F J U U D C E N X S T K W AGE STY SP BG MBAH W V BPX BRZ F DY DE A V W A QX I V Y C o A x U F E cc Q 2 Q I 1. With regard to traveling expenses, employee expense reimbursement amounts paid under this type of plan are not subject to income tax withholding. 2. Employees may claim one allowance for each of these types of persons who will be claimed on their federal income tax returns. 3. An employee can authorize an employer to deduct certain withholdings from his or her pay on this type of basis. These withholdings are taken from the gross pay and therefore reduce the amount of pay that is subject to federal income tax. 4. For withholding purposes, this term includes the total compensation paid to employees for services. 5. Type of employee benefit plan that allows staff to choose from a variety of pretax benefits such as health, accident, and life insurance coverage. 6. The taxable portion of these type of benefits is the amount by which the fair market value of the benefits exceeds what the employee paid, plus any amount the law excludes. 7. If the employer-employee exists, the pay is subject to federal income tax withholding. 8. Any property or service the value of which is so small that accounting for it would be unreasonable or impractical is labeled as this type of fringe benefit. 9. Employees can claim this type of allowance for themselves. 10. Type of IRA that allows taxpayers and their spouses to make annual nondeductible contributions of up to $6,000. The advantage of this type of IRA is that distributions made out of the fund at retirement are tax-free