Review of Taxes

Front

What are the 3 main types of taxes in the United States?

Back

Income tax, sales tax, and property tax

Front

Which type of form do you receive in January for every job you work, telling how much you earned and how much you paid in taxes?

Back

W-2 form

Front

What form is received when you start a job, lists information about yourself and your family, and determines how much money gets taken out of your paycheck?

Back

W-4 form

Front

I am received when you start a job. You use me to prove you are able to work in the US. You must provide forms of identification.

Back

I-9 form

Front

You get me if you are not an employee but were paid for a job. You probably didn't get taxes withheld.

Back

1099 form

Front

I am completed every April. Anyone can use me. Beware, there is a lot to fill out.

Back

1040 form

Front

How does a regressive tax affect people?

Back

People who make less are more affected as the amount paid is a larger proportion of their income.

Front

What is the day of the year every year when taxes are due?

Back

April 15th

Front

What does IRS stand for?

Back

Internal Revenue Service

Front

When do you start paying income taxes?

Back

When you make more than the standard deduction