outsourcing and income

deca SEM terms

Investment income

the profit earned from investments, such as real estate and stock sales

Itemized deductions

subtractions from a taxpayer's Adjusted Gross Income (AGI) that reduce the amount of income that is taxed.

tax-exempt

an investment in which the income produced is free from federal, state, and/or local taxes

income

taxable unless it's specifically exempted by law. Income can be money, property, goods or services

Payee outsourcing

when a business hires another company to handle all or part of its payroll tasks. These services typically take care of calculating wages, processing payments, handling tax withholdings, and creating payroll reports.

Check Processing

taking checks from customers and paying them out to other individuals or companies, which can be either through cash or electronic payments.

Daily liquidity

gives the bank's liquid and marketable assets and liabilities in a straightforward spreadsheet up to 1-year maturity and beyond

Sales discount

reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. This approach is commonly used when a seller is in immediate need of cash.