- Taxes on apartments and houses

- The landlord pays these taxes

- School funding

- Roads

- Maintenance

- Parks/Recreation

- Police Department

Anyone with property pays property taxes

- Money taken out of paycheck

- Money for all state officials and workers

- Capital cities

- State parks and properties (parks, state monuments)

- Colleges and universities

- Roads and highways

- State police depertment

- Money taken out of paycheck

- Roads, bridges, (sometimes) airports

- Military

- Government

- All federal officials

- National Parks

- Foreign affairs

- Social security and healthcare

Why do we pay income taxes?

Report on interest income sent from the bank to both the IRS and the taxpayer for savings account interest

Report on interest income sent from the bank to both the IRS and the taxpayer for savings account interest

Report of income made to the IRS and the taxpayer for any money paid by the job not as a salaried employee

The Federal Insurance Contributions Act, the name given to Social Security and Medicare taxes. The employee pays some of the FICA tax, and the employer pays some of this tax for each employee. Social Security pays benefits for older people, people with disabilities, and minor children and surviving spouses of deceased workers. Medicare pays for hospital insurance for those over 65

Tax paid to the state, federal, and local governments based on income earned over the past year

Report sent from the employer to both the IRS and the employee showing gross income, total taxes paid, and total voluntary deductions

Federal or state taxes deducted directly from a worker’s pay

The quick tax form most often used for those with uncomplicated tax situations

The deduction allowed for those not claimed as a dependent on a parent’s taxes

A donation or expense that reduces the taxable income amount

A check returning the taxpayer’s money to the taxpayer after returns are filed and the overpaid tax is determined

A form that you receive from your employer

Every employer needs to tel the government who works for them, when they leave, and how much they make

Your bank/financial instiution tells the government how much money you make on interest

Sends you and your government how much you are making on interest, stocks, etc.

Tax returns are due ______ __

You can get extensions for tax returns if you are hospitalized or some other reason by contacting the IRS

Luckily, if you are fined for not completing your tax returns, interest is not charged

the government agency that takes care of taxes

when the government gives you some money back from your taxes out of your income

You cannot get refunds if you pay too much money to the government

Every job you had in the past year will send you a ___ form reporting your income

Your savings account interest report. Your bank will send you this form reporting your interest income

Charitable donations reduce the amount of income on which your taxes are based

A government agency that oversees that things are being done legally and in the right way for the consumer to invest and play the stock market

SEC stands for

something we don’t already have/don’t own and are paying money towards owning it

what u currently have (what you can get your hands on if you have to use the cash)