
Unit 1 Vocabulary Flashcard
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
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22 questions
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1.
FLASHCARD QUESTION
Front
Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
Back
Dependent
2.
FLASHCARD QUESTION
Front
The percentage at which taxes are paid on each dollar of income
Back
Tax Rate
3.
FLASHCARD QUESTION
Front
An inspection of a filer's tax return by the IRS
Back
Audit
4.
FLASHCARD QUESTION
Front
The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns
Back
1040
5.
FLASHCARD QUESTION
Front
Form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States
Back
I-9
6.
FLASHCARD QUESTION
Front
A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals
Back
Social Security
7.
FLASHCARD QUESTION
Front
Definition: Income earned through interest on savings accounts, bonds, CDs, etc.
Back
Interest Income
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