Taxes Personal and Business

Front

What are the two components of Payroll Taxes?

Back

Social Security and Medicare

Front

Gross Income includes all of the following except: tips, child support payments received, wages, game show winnings

Back

child support payments received

Front

When you are ready to file for taxes you must have form

Back

W-2

Front

Which form will determine how much money is withheld from your paycheck for federal and state income taxes?

Back

W-4

Front

A Tax Return is

Back

A formal report to the IRS that contains all the information relative to a person's income taxes for a specific year.

Front

When dealing with taxes, we mainly are discussing what type of "Income"?

Back

Adjusted Gross Income

Front

The IRS is the

Back

Internal Revenue Service

Front

itemized deductions

Back

Specific expenses that can be deducted from income to reduce taxable income

Front

By law federal tax returns must be filed by what date?

Back

April 15th

Front

What are taxes?

Back

Required payments to governments for public goods and services