Tax Forms

If the tax for a drink costs a different amount from one county to the other, this is due to

• Shipping rates

• Cost of product

• Cost of taxes

consumption tax imposed by the government on the sale of goods and services

• Sales tax

• Income tax

• luxury tax

Who receives sales tax

• State government

• Local government

• Federal Government

• The employees

Sales tax dollars can go to...

• Repairing private schools

• Repairing roads

• Social Security benefits

• Repairing federal buildings

When you start a new job you will fill out a...

• 1040

• w-2

• w-4

What form will your employer send you BEFORE January 31st that summarizes your income and taxes withheld

• 1040

• W-4

• W-2

If you received more the $10 in interest in a savings account you will receive which form from EACH account that qualifies

• 1099-INT

• 1040

• W-2

What does line 1 represent?

• Gross income

• Taxes paid

• Net income

Information for 2B will come from

• W-2

• 1099-INT

• W-4

• 1040

Total income should be written on which line?

• 1

• 8

• 9