Tax Questions

A percentage of your income collected by the government to fund its services and programs

The document that individuals submit every year with their income information

Federal income taxes are a percentage from your gross income

Total income for the income

Gross income - Adjustments =

An amount you subtract from your income when you file so you don't pay tax on it

Sums of money that reduce the income tax owned by the full dollar-to-dollar amount of the credits

Who do we pay taxes to that are used for Social Security and Medicare Benefits

A sequence of equal payments made at equal time periods

Shares of ownership in a company