Which of the following is an example of an "ability to pay" tax.

The tax on the money you earn from your job and/or money you receive from interest or investments.

The number of allowances you should claim on your W-4 if you want more taken out of your paycheck and a refund in April.

When the government collects money in the form of taxes, it is called...

To get the childcare credit, your child must attend daycare/babysitting AND be under the age of...

The tax system that assigns higher tax rates to people with higher incomes. Preferred by the poor.

The form your bank sends you once a year telling you how much interest you earned on your account(s).

A tax on items like cigarettes, tobacco and alcohol.

The tax system that assigns lower tax rates to people with higher incomes. Preferred by the rich.

If grandma leaves you her car after dying, you will need to pay...

Single, married filing joint, married filing separate, head of household, qualifying widow(er).

The tax form you fill out FOR your employer when you start any job. It tells the government how much you want withheld from your paycheck for taxes.

Which of the following is an example of a benefit's received tax?

The children or relatives who live with you, you support financially and whom you can claim on your taxes. (BTW, this will disappear next year).

The tax system where everyone pays the same percentage regardless of what they make.

What you receive when you file your taxes and learn that you overpaid.

The standard form needed to complete to file your taxes with the federal government.

When is tax day in the US?

What is our goal when filing taxes?

A credit you can get if you work but don't make much money.

When your company regularly takes money out of your paycheck to pre-pay taxes, it is called...

The form(s) you receive in January from any jobs you held, showing how much you made and how much was withheld.

If you sell your house, you have to pay capital gains tax on the profit.

If you are self-employed (you work for yourself), you don't have to pay income tax.

Winnings from gambling are ALWAYS taxable.

The IRS can go back 3 years and audit (review) your taxes.