WorksheetsCh. 10 Income and Taxes
Total questions: 15
Worksheet time: 4hrs 31mins
tax paid out by anyone who earns an income
Income Tax
Property Tax
Tax Day
Wealth tax
the income ranges in which tax rates apply
property tax
Gift tax
audit
Tax Bracket
the total tax a person or business has to pay
Tax Liability
Tax Rate
Tax Return
Gift tax
a report that a taxpayer has to submit annually to the government and is used to determine a person's tax liability
W-2 Form
Tax Return
audit
Tax Credit
United States government agency that is responsible for the collection and enforcement of taxes
IRS (Internal Revenue Service)
FDA
CIA
FBI
payroll taxes that are used to pay for Social Security and Medicare programs
Health Savings Account
FICA (Federal Insurance Contribution Act)
Federal Tax
401k
a tax that's imposed on a property owner's right to transfer the property to others after their death
Real Estate Tax
Property Tax
Estate Tax
Wealth Tax
taxes paid by anyone who owns property, such as land, a home, or commercial real estate
Property Tax
Inheritance Tax
Gift Tax
Wealth Tax
a tax that's imposed on a property owner's right to transfer the property to others after their death
Gift Tax
Wealth Tax
Property Tax
Estate Tax
the basic form used for personal income tax returns filed with the IRS
1040 Form
W-2 form
W-4 form
Joint Return
income taxes that are filed for a married couple; the income, tax credits, tax deductions, and tax exemptions are combined on one tax return
Tax Day
Joint Return
Head of Household
Itemized Deducations
an amount of money a taxpayer can subtract from the taxes they owe
Audit
Tax Credit
Tax Day
Inheritance Tax
a filing status that is used for individuals who are not married; this person must pay more than half of the costs for the household in which they live
W-4 Form
Head of Household
Joint Return
1040 Form
money an employer legally has to withhold (take out, deduct) from an employee's earnings, and it is sent to the city, state, and federal governments; this money is applied toward the amount of money an employee will owe the government agency when income taxes are filed
Income Tax Withholdings
gift tax
property tax
wealth tax
a state tax on an asset an individual received from someone who has passed away
Inheritance Tax
Tax Schedule
W-2 form
Joint Return
