
Tax Vocab Flashcard
Flashcard
•
Life Skills
•
10th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
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27 questions
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1.
FLASHCARD QUESTION
Front
Tax on certain goods, especially luxuries and cars.
Back
Excise Tax
2.
FLASHCARD QUESTION
Front
Taxable income or investment with no tax collected.
Back
Exemptions
3.
FLASHCARD QUESTION
Front
Tax on a decedent's property assessed on the gross estate before heirs receive it.
Back
Estate Tax
4.
FLASHCARD QUESTION
Front
Form W-2
Back
Summary of employee earnings and deductions from employer.
5.
FLASHCARD QUESTION
Front
Federal Insurance and Contributions Act: Agency overseeing payroll taxes for services like Social Security (6.2%) and Medicare (1.45%).
Back
FICA
6.
FLASHCARD QUESTION
Front
A single tax rate for all, e.g., sales taxes.
Back
Flat
7.
FLASHCARD QUESTION
Front
Form I-9
Back
Government form to verify citizenship or work authorization in the U.S.
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