Taxes and Tax Forms

What are taxes?

• stealing money from other people

• primary source of revenue for the government

• tuition money paid for education to schools from individuals

• fanum tax

Who collects taxes?

• federal government

• state government

• local government

• all levels of government

Which of the following items do we use our taxes on? (multiple answers)

• defense/military

• public schools

• roads

• social security

_______ are taxes paid by anyone who earns money/income.

• income taxes

• property taxes

• sales taxes

• excise taxes

_____ are taxes placed on goods and services that goes to state and local governments.

• income taxes

• sales taxes

• property taxes

• excise taxes

What is the state sales tax rate for the state of Ohio? (exclude local tax)

How many states do not have a sales tax?

What day is considered Tax Day because it is the day your income taxes are due?

• April 14

• April 15

• April 16

• April 17

This is the first tax form you fill out, normally completed once when you accept a new job.

• W-4

• W-2

• 1040

• I-9

This tax form is given to you by your work once a year, normally by January.

• W-4

• W-2

• 1040

• I-9