The W-4 form lets...

By claiming "exempt" on the W-4 form...

What do you need to file your 1040 form?

Which of the following is NOT a way you can file your taxes?

If a teen files a tax return, can the parent still claim him/her as a dependent?

Local Governments earn the majority of their money from...

the Federal Government earns most of its money from...

Depending on how much money your employer took out of your paychecks, you might owe more money to the government when you file your taxes. (Tax Payment)

Each year by __________, tax paperwork and possible payments must be sent in or “filed”.

__________ go towards things like education, building and repairing roads and bridges, and providing health coverage to low-income families?

Tax money that is collected, is a major source of:

Taxes help pay for government services like roads, education, the military

If too many taxes were deducted from your gross pay, the government will send you money back after you file your taxes... This is called a _________.

James, Noah, and Abigail are discussing the consequences of not paying taxes every year. James believes it can result in:

A tax rate is applied to an income range, or

If you paid $3499 in federal taxes and the IRS says you should have paid $2500, what happens?

If you paid less than what the IRS thinks you owe in taxes, you have a

Our tax money is spent on all of the following EXCEPT:

What item would you DEFINITELY see on a paystub?

Which tax do you pay when you pay FICA or Social security and medicare?

A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck

A form completed by an employee to indicate his or her tax situation (exemptions, marital status, etc.) to the employer, who then withholds the corresponding amount of taxes from each paycheck

The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes

A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals

A government-run insurance program that provides healthcare assistance to low income Americans

Form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States

A federal law that requires an employer to withhold taxes from the wages they pay their employees; the funds go toward Social Security and Medicare

The set amount of money, per dependent, you can subtract from your taxable income

Any income (wages/salary) that is generated by working

Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes

Employee-claimed exemptions on the W-4 to determine how much of an employee's pay to withhold from his or her paycheck for taxes

The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns

A form that details all "non-employee" compensation, including for specific jobs like freelancers or contractors