Taxes

What does FICA stand for?

• Health insurance and taxes

• social security and medicare

• federal and state taxes

• Military and education

The set amount of money, per dependent, you can subtract from your taxable income

• Benefit

• exemption

• maximum

• budget

An inspection of a filer's tax return by the IRS

• Capital gain

• 1099-INT

• Audit

• Allowance

Employee-claimed exemption on the W-4 to determine how much of an employee's pay to withhold from his or her paycheck for taxes

• Allowances

• Audit

• Benefits

• FICA

A form that details all "non-employee" compensation, including for specific jobs like contractors.

• 1040-MISC

• W-2

• I-9

• 1099

Profit from the sale if an asset, such as a stock or a bond, is calculated by subtracting the price you initially paid from the price you then sold it for

• Capital gain

• Allowance

• benefit

• gross income

someone you financially support who can be "claimed" on a tax return to reduce your tacable income and lower your taxes

• Household worker

• independent contractor

• dependent

• significant other

spending by the federal government determined by legislative action and approved through votes by elected officals

• discretionary spending

• social security

• taxes

• mandatory spending

You will need to include all of the following information on a W-4 from except

• earned income from a previous job

• name and address

• social security number

• Marital status

A tax system that uses tac brackets to collect a larger percentage from the income of high-income earners than it does from low-income earners

• social tax system

• flat tax system

• progressive tax system

• regressive tax system