Taxes

Front

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

Back

Net income

Front

Amounts of money taken from income before you are paid.

Back

Deductions

Front

Total money you earn before taxes and other deductions.

Back

Gross income

Front

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

Back

Tax

Front

As taxable income increases, income tax rates ____

Back

increase

Front

Your take home pay is also known as what?

Back

Net Pay

Front

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

Back

File her income taxes

Front

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

Back

Employee’s date of birth

Front

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

Back

Big City Office Furniture

Front

Taxes are collected by

Back

Government