Taxes

Front

Your taxable income is

Back

The amount on which you will pay income tax

Front

The main purpose of a W2 is

Back

To use while doing your taxes

Front

The deadline to submit taxes or file an extension is

Back

April 15

Front

You must file state income taxes in Texas.

Back

False

Front

If you make under a certain amount of money, you are not allowed to file taxes.

Back

False

Front

An itemized deduction schedule is

Back

An amount you can subtract from adjusted gross income (you must add up all deductions individually)

Front

The amount an employer removes from your paycheck each month to pay for taxes is called?

Back

Withholding

Front

All taxable income you receive, including wages, salaries, and tips. What you earn BEFORE taxes are taken out.

Back

Gross Income

Front

IRS stands for...

Back

Internal Revenue Service

Front

Becky made $7,500 last year. She received her w2 in the mail. Does she have to file taxes? If she doesn't have to, why might she want to file anyways?

Back

Becky does not have to file, but may want to because she could be owed a refund.