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Accrued Dictionary

Taxes

By PRETTY BOOKS ON July 11, 2022
Metaphorical definitions of complex accounting terms.

The accounting language is filled with highly technical words and phrases that describe the highly technical job functions of an accountant. The ACCRUED DICTIONARY is a collection of common terms accountants use broken down into easy-to-understand metaphors, jokes, and whimsy. The dictionary cuts through the technical jargon and gives you a metaphorical perspective at what these words mean

Taxes

Noun. [tak-sez]
  1. Accrued Dictionary definition: Toll bridges on your year long journey. You see the “tolls ahead” signs and have to slow down, figure out how much you owe (Am I two axles or six? What exit did I get on? Do I have to pay for that part of my trip, or just this one? Did I pay enough throughout my journey?), and rummage through your glove compartment to find some change. Then you have to pay attention to the lane you’re going into. Pay by mail? NoPay Pass? Cash only? It’ll be such a relief when you’re past these tolls!

//Tax time is near, and thankfully I’ve had time to prepare to get past these tolls.

  1. Textbook definition: it’s the amount of money you have to pay the government. There are several different types of tax, such as income tax that is taxed on your income, or paid goods you buy or sell.

//What was your income before tax?

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The information provided in this post is for general informational and educational purposes only and is not a substitute for professional advice. Consult your financial, business, or tax advisor with respect to matters referenced in this post. Pretty Books assumes no liability for actions taken in reliance upon this information.

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