Understanding Taxes 16.2

One responsibility you have as a wage earner is _______

• to pay taxes

• to spend money

• to steal money

• to have fun

The (a)   is the federal government agency that enforces the tax laws and collects taxes

Federal tax money pays for all of the following EXCEPT:

• Social Security

• College Tuition

• Armed Forces

• Veterans' benefits

______ is a charge that the government levies on most forms of earnings.

• FICA taxes

• Federal taxes

• Government taxes

• Income taxes

A tax that is deducted from earnings, paid to the federal government to help fund Social Security programs is called

(a)  

Social Security programs include all of the following EXCEPT

• child support benefits

• retirement benefits

• survivors' benefits

• disability benefits

A method of submitting your tax return electronically is called (a)  

Indiana is a state that does not collect income tax.

• True

• False

A(n) ______ is the government's way of checking your return.

• tax check

• return confirmation

• audit

• check

For tax purposes you may need any or all of the following EXCEPT

• past tax reutrns

• interest payment records

• checkbook ledger

• records of income