Taxes are
The way that government pays the people
The way that people pay for their government.
A spouse is a
husband or wife
sister or brother
_____________ is the federal agency that collects taxes
NCC
IRS
_______ mean that you completed the paperwork and sent it in to the government
Filing Taxes
Following the law
Which form do you need to file your taxes?
W-2
W-4
The percentage of your income taken by the government changes depending on your
income
taxes
A dependent is someone who
depends on you to drive them everywhere
a person who relies on another, especially a family member,
When is my employer required to give me my W-2?
After Jan. 31st
Before Jan. 31st
Where can you find forms to fill out your income taxes?
School Library
Post Office
The United States has the second highest national income tax rate in the world
False
True
If you don’t file your taxes, you may have to pay…
A fine
Your Boss
Form you fill out and send to the government. It states your income and deductions
1060
1040
Who can file your taxes?
Your Manager
Tax Professional
Which form do you need to file your taxes?
1040
4010
The word “TAX” is an acronym for the original Latin phrase “Taeter Amor Xenium,” which roughly translates to “love donation for the king.”
false
true
______ income is the money you earn after taxes are subtracted.
Gross
Net
IRS stands for
Internet Revenue Service
Internal Revenue Service
How often should you file your taxes?
Every week that you make an income
Every year that you make an income
Your taxes paper must be sent to _____
Naples, Florida
Washington D.C.
What Day is Tax Day?
April 15th
April 5th
You may get a _____ if you have paid too much $ in taxes to the government.
Fine
Refund
A brother or sister is called a
spouse
sibling
Tax levels are called
tax brackets
tax lines
You can file your taxes using an online system like......
Zoom
TurboTax
Everyone Who has a job should file taxes
True
False
When you get money back after filing your taxes, that is called…
Gross INcome
Refund
The form you employer gives you when you are hired that determines your taxes
W-2
W-4
Florida does not require its residents to file a state income tax
True
False
If you need more time to file your taxes, you can get an .....
Doctor's note
extension
If I get a refund, the IRS can put the money directly in my bank account
True
False
In New York, there is a “sliced bagel tax” that costs you an additional 10 cents if your bagel is sliced or schmeared with cream cheese.
True
False
If you file your taxes after the deadline , you pay have to pay a
lawyer
penalty
You file taxes to show you paid the right amount in…
Income Taxes
Sales Taxes
Who can file your taxes?
You
Your teacher
Filing taxes is the law.
False
True
________ and Net pay are the same thing.
Gross Pay
Take home Pay
_______ income is the money you earned before taxes are subtracted.
Net
Gross