Taxes

The amount of money you actually receive after the deductions are taken from your gross income.

Amounts of money taken from income before you are paid.

Total money you earn before taxes and other deductions.

This is paid to the Government once a person's income passes a set amount.

As taxable income increases, income tax rates ____

Your take home pay is also known as what?

This form will be sent to Lily by the end of January. She will use this W-2 form to…

All of the following employee information is included on a W-2 form EXCEPT: Employer name and EIN (Employer Identification Number), Employee’s Social Security Number, Employee’s date of birth, Employee’s current address

When Maxwell completes this W-4, who should he submit it to?

Taxes are collected by