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Financial Terms | |
Electronic Federal Tax Payment Systems (EFTPS) |
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Definition of Electronic Federal Tax Payment Systems (EFTPS)Electronic Federal Tax Payment Systems (EFTPS)An electronic funds transfer system used by businesses to remit taxes to the government.
Related Terms:After-tax profit marginThe ratio of net income to net sales. After-tax real rate of returnMoney after-tax rate of return minus the inflation rate. Asymmetric taxesA situation wherein participants in a transaction have different net tax rates. Automatic Benefits PaymentAutomatic payment of moneys derived from a benefit. Average tax ratetaxes as a fraction of income; total taxes divided by total taxable income. average tax rateTotal taxes owed divided by total income. Balance of paymentsA statistical compilation formulated by a sovereign nation of all economic transactions ![]() Balance of PaymentsThe difference between the demand for and supply of a country's currency on the foreign exchange market. Balance of Payments AccountsA statement of a country's transactions with other countries. Before-tax profit marginThe ratio of net income before taxes to net sales. Break-even lease paymentThe lease payment at which a party to a prospective lease is indifferent between Break-even payment rateThe prepayment rate of a MBS coupon that will produce the same CFY as that of Break-even tax rateThe tax rate at which a party to a prospective transaction is indifferent between entering Cash flow after interest and taxesNet income plus depreciation. Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value ![]() Corporate tax viewThe argument that double (corporate and individual) taxation of equity returns makes Corporate taxable equivalentRate of return required on a par bond to produce the same after-tax yield to Coupon paymentsA bond's interest payments. Current Income Tax ExpenseThat portion of the total income tax provision that is based on Current Tax Payment Act of 1943A federal Act requiring employers to withhold income taxes from employee pay. Date of paymentDate dividend checks are mailed. Deferred Income Tax ExpenseThat portion of the total income tax provision that is the result Deferred Tax AssetFuture tax benefit that results from (1) the origination of a temporary difference Deferred Tax LiabilityFuture tax obligation that results from the origination of a temporary Deferred taxesA non-cash expense that provides a source of free cash flow. Amount allocated during the Delivery versus paymentA transaction in which the buyer's payment for securities is due at the time of ![]() Depreciation tax shieldThe value of the tax write-off on depreciation of plant and equipment. depreciation tax shieldReduction in taxes attributable to the depreciation allowance. Double-tax agreementAgreement between two countries that taxes paid abroad can be offset against e-commerce (electronic commerce)any business activity that uses the Internet and World Wide Web to engage in financial transactions earnings before interest and income tax (EBIT)A measure of profit that Earnings before interest and taxes (EBIT)A financial measure defined as revenues less cost of goods sold Earnings before interest and taxes (EBIT)The operating profit before deducting interest and tax. Earnings before interest, taxes, depreciation and amortization (EBITDA)The operating profit before deducting interest, tax, depreciation and amortization. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)An earningsbased measure that, for many, serves as a surrogate for cash flow. Actually consists of working EBDDT - Earnings before depreciation and deferred taxesThis measure is used principally by Effective Tax RateThe total tax provision divided by pretax book income from continuing EFT (electronic funds transfer)Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT. Electronic data interchange (EDI)The exchange of information electronically, directly from one firm's electronic data interchange (EDI)the computer-to-computer transfer of information in virtual real time using standardized formats developed by the American National Standards Institute Electronic depository transfersThe transfer of funds between bank accounts through the Automated Equivalent taxable yieldThe yield that must be offered on a taxable bond issue to give the same after-tax Federal agency securitiesSecurities issued by corporations and agencies created by the U.S. government, Federal credit agenciesAgencies of the federal government set up to supply credit to various classes of Federal Deposit Insurance Corporation (FDIC)A federal institution that insures bank deposits. Federal Employer Identification NumberA unique identification number issued Federal Financing BankA federal institution that lends to a wide array of federal credit agencies funds it Federal fundsNon-interest bearing deposits held in reserve for depository institutions at their district federal Federal funds marketThe market where banks can borrow or lend reserves, allowing banks temporarily Federal funds rateThis is the interest rate that banks with excess reserves at a federal Reserve district bank Federal Funds RateThe interest rate at which banks lend deposits at the federal Reserve to one another overnight. Federal Home Loan BanksThe institutions that regulate and lend to savings and loan associations. The Federal Insurance Contributions Act of 1935 (FICA)A federal Act authorizing the government to collect Social Security and Medicare payroll taxes. Federal Open Market Committee (FOMC)Fed committee that makes decisions about open-market operations. Federal Reserve BanksThe twelve district banks in the federal Reserve System. Federal Reserve BoardBoard of Governors of the federal Reserve System. Federal Reserve SystemThe central bank of the U.S., established in 1913, and governed by the federal Federal Reserve SystemThe central banking authority responsible for monetary policy in the United States. Federal Reserve (the Fed)The central bank in the United States, responsible for setting interest rates. Federal Unemployment Tax Act (FUTA)A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a Federally related institutionsArms of the federal government that are exempt from SEC registration and FHA prepayment experienceThe percentage of loans in a pool of mortgages outstanding at the origination Foreign tax creditHome country credit against domestic income tax for foreign taxes paid on foreign Freddie Mac (Federal Home Loan Mortgage Corporation)A Congressionally chartered corporation that Graduated-payment mortgages (GPMs)A type of stepped-payment loan in which the borrower's payments Imputation tax systemArrangement by which investors who receive a dividend also receive a tax credit for INCOME TAXWhat the business paid to the IRS. Income taxA government tax on the income earned by an individual or corporation. Income Tax ExpenseSee income tax provision. Income Tax ProvisionThe expense deduction from pretax book income reported on the Indirect Taxestaxes paid by consumers when they buy goods and services. A sales tax is an example. Inflation TaxThe loss in purchasing power due to inflation eroding the real value of financial assets such as cash. Interac® Direct PaymentInstead of paying with cash or a credit card, Interac Direct payment allows you to pay for your purchase with a debit card, such as your bank card. The amount of the purchase is electronically debited, or withdrawn, from your bank account (see debit card). Interest equalization taxtax on foreign investment by residents of the U.S. which was abolished in 1974. Interest paymentsContractual debt payments based on the coupon rate of interest and the principal amount. Interest tax shieldThe reduction in income taxes that results from the tax-deductibility of interest payments. interest tax shieldtax savings resulting from deductibility of interest payments. Investment tax creditProportion of new capital investment that can be used to reduce a company's tax bill Investment Tax CreditA reduction in taxes offered to firms to induce them to increase investment spending. Just-in-time inventory systemssystems that schedule materials/inventory to arrive exactly as they are Lag response of prepaymentsThere is typically a lag of about three months between the time the weighted Lease PaymentThe consideration paid by the lessee to the lessor in exchange for the use of the leased equipment/property. payments are usually made at fixed intervals. Limited-tax general obligation bondA general obligation bond that is limited as to revenue sources. Margin Tax RateThe tax rate applicable to the last unit of income. Marginal tax rateThe tax rate that would have to be paid on any additional dollars of taxable income earned. marginal tax rateAdditional taxes owed per dollar of additional income. Marginal Tax RatePercent of an increase in income paid in tax. online bill paymentThe electronic payment of a bill via the Internet. The specified amount of the bill is electronically debited from your account. Payment dateThe date on which each shareholder of record will be sent a check for the declared dividend. Payment dateThe date established for the payment of a declared dividend. Payment floatCompany-written checks that have not yet cleared. payment floatChecks written by a company that have not yet cleared. Payment-In-Kind (PIK)bond A bond that gives the issuer an option (during an initial period) either to make Payments nettingReducing fund transfers between affiliates to only a netted amount. Netting can be done on Payments patternescribes the lagged collection pattern of receivables, for instance the probability that a Payroll tax expenseThe amount of tax associated with salaries that an employer pays to governments (federal, state, and local). Payroll taxes payableThe amount of payroll taxes owed to the various governments at the end of a period. Personal tax view (of capital structure)The argument that the difference in personal tax rates between Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |