Tax Vocabulary

Taxes are...

• Optional

• Where the Dallas Cowboys are from

• Mandated

• Adored by everyone

What are property taxes?

• Taxes on trespassers

• A tax everyone has to pay

• A tax based on cool things you own

• Taxes calculated on your income

Filing as a Single

• Head of Household and living by yourself

• You have no family

• You don't have to file if you're Single

• None of the above

I R S stands for...

• Internal Revenue Section

• I'm Really Stuck

  (on this question)

• Internal Reversal Service

• None of the above

Married Filing Jointly

• Filing status for married taxpayers who only fill out one tax return

• Filing status for married taxpayers who file seperate returns

• Filing status for those who are dependent on others

• Married people who claim their children as dependents

Sales taxes

• Taxes paid on items sold within one year

• A tax on items that are only on sale

• Taxes paid on items based on a percentage of the dollar value

• Taxes paid on items based on a percentage of previous dollar value

Two things that are absolutely guaranteed...

Dying and paying taxes

• False

• True

• There really are no other options

• None of the above

Married Filing Seperately

• Filing Status for married people who have children

• None of these

• Can only be done electronically

• Usually used as a way for people to reduce tax liabilities

Income Tax

• Taxes calculated on money refunded by government

• The opposite of Outgoing Tax

• Calculated on the income per household

• Taxes based on how much one earns

Filing as Head of Household

• You're the boss of the house

• Status of the older person in the household

• You're the single boss with kids living with you

• Married with no children