Tax Vocab Quiz

A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars.

• Excise Tax

• Estate Tax

• Exercise Tax

• Imposed Tax

Taxable income or investment on which no tax is collected.

• Left out

• Forgiven Tax

• Exemptions

• Oops I missed Tax

a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.

• Excise Tax

• Income Tax

• Exemption Tax

• Estate Tax

Form W-2

• government form used to verify that you are a citizen or otherwise authorized to work in the United States.

• a summary of employee earnings and deductions from employer

• If you earn less than $100,000 a year.

Federal Insurance and Contributions Act: The government agency that oversees payroll taxes that fund government services, such as Social Security (6.2%) and Medicare (1.45%).

• Flat

• FICA

• Income Tax

• Form W-4

A single tax rate that applies to everyone obligated to pay the tax. Ex. Sales taxes are flat taxes.

• Flat

• FICA

• Gift

• Real Estate Tax

Form I-9

• government form used to verify that you are a citizen or otherwise authorized to work in the United States.

• If you earn less than $100,000 a year.

• reports income on which tax was not withheld.

withholding allowance form employee fills out for employer

• Form W-2

• Form W-9

• Form W-4

• Form J-5

Form 1040EZ

• Taxable income or investment on which no tax is collected

• a summary of employee earnings and deductions from employer

• If you click this one you are wrong.

• If you earn less than $100,000 a year.

Form 1099

• This is the wrong answer so please choose another option. Thank you

• Form to record your money after you make it

• reports income on which tax was not withheld.

• government form used to verify that you are a citizen or otherwise authorized to work in the United States.