Flat Tax Rate
Full-Time Student
Fiscal Year
Federal Income Tax Withheld
Fiduciary
Finance Charges
First In, First Out (FIFO)
FICA (Federal Insurance Contributions Act)
Fair Market Value (FMV)
Fair Rental Value
Foreign Tax Credit or Deduction
Flexible Spending Account
Foreign Corporation
Fringe Benefits
Foster Child
Fully Taxable Pensions
Flat Tax Rate
Definition of Flat Tax Rate:
A flat tax rate is a tax system in which everyone's income is taxed at an identical rate. This system differs from other tax systems where individuals are taxed progressively on the amount of income they make or the amount of income they spend.
