NEW
Font size
WorksheetsTax Vocab Quiz
Total questions: 27
Worksheet time: 20mins
A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars.
Excise Tax
Estate Tax
Exercise Tax
Imposed Tax
Taxable income or investment on which no tax is collected.
Left out
Forgiven Tax
Exemptions
Oops I missed Tax
a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.
Excise Tax
Income Tax
Exemption Tax
Estate Tax
Form W-2
government form used to verify that you are a citizen or otherwise authorized to work in the United States.
a summary of employee earnings and deductions from employer
If you earn less than $100,000 a year.
Federal Insurance and Contributions Act: The government agency that oversees payroll taxes that fund government services, such as Social Security (6.2%) and Medicare (1.45%).
Flat
FICA
Income Tax
Form W-4
A single tax rate that applies to everyone obligated to pay the tax. Ex. Sales taxes are flat taxes.
Flat
FICA
Gift
Real Estate Tax
Form I-9
government form used to verify that you are a citizen or otherwise authorized to work in the United States.
If you earn less than $100,000 a year.
reports income on which tax was not withheld.
withholding allowance form employee fills out for employer
Form W-2
Form W-9
Form W-4
Form J-5
Form 1040EZ
Taxable income or investment on which no tax is collected
a summary of employee earnings and deductions from employer
If you click this one you are wrong.
If you earn less than $100,000 a year.
Form 1099
This is the wrong answer so please choose another option. Thank you
Form to record your money after you make it
reports income on which tax was not withheld.
government form used to verify that you are a citizen or otherwise authorized to work in the United States.
a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor (the giver).
Present
Transfer Of Goods
Gift
I don't know bro
Tax levied on income, both earned (wages, salaries, commission) and unearned (dividends, interest, rents (ex. Landlord))
Income Tax
Sales Tax
Restricted Tax
Property Tax
Real Estate Tax
You just read all of this and its not the right answer.
A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.
House Tax
Social Security
a tax levied on the right of an heir to receive a decedent's property, the rate being a percentage of the value of the property.
Family Tax
Inheritance
Why Me Tax
Property exposed tax
Social Security
Tax used to pay for Security
The tax levied on both employers and employees used to fund the Social Security program.
The tax to help make everyone feel comfortable
The tax used to throw an economic social
the annual amount of taxes paid on real or personal property.
Property Tax
Personal Belonging Tax
Sales Tax
Don't Worry about it
a tax on receipts from sales, usually added to the selling price by the seller.
Sales Tax
Property Tax
Income Tax
Right On Tax
Amount owed on yearly total taxable income.
Median Tax
Taxes Owed
Tax Responsibility
Tax Liability
Government incentives that reduce taxes owed dollar-for-dollar. A $1,000 tax credit means $1,000 less in taxes owed for the year
Tax Forgiveness
Taxable Income
Tax Credit
Tax Break
Tax Return
It is a way for the government to assess whether the appropriate amount of taxes have been paid given income.
do you really think this is the right answer?
people you support financially for tax purposes
worker's earnings paid to the government by their employers
Dependents
Name of a Lil Webbie Song
people you consider close friends
people you support financially for tax purposes
Amount owed on yearly total taxable income.
worker's earnings paid to the government by their employers
Standard Income
Compensation
Sales Taxes
Payroll Taxes
Allowances
people you support financially for tax purposes
a number calculated on the W-4 form for taxes withheld
the amount of money you gross (total) minus your deductions
Tax-deferred income
income to be taxed at a later date, such as interest/earnings from a traditional Individual Retirement Account (IRA).
Also known as Certificate of Deposit aka CD
Money that works for you
Getting a lot of interest
the amount of income that is taxed after all deductions but before tax credits.
Taxable Income
Compensation
Standard Income
Payroll
Households and businesses give a certain amount of their income to the government in the form of taxes. The government—federal, state, or local— then spends this revenue on items it deems necessary for society, putting money back into the economy.
Taxes
Budget
Withholding
Compensation
employer deductions from employees to pay such as taxes
AGI
Tax
Withholding
Gains Tax
