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 document required for tax purposes by the IRS.

A form used to apply for a driver's license in the United States.

A contract between an employer and an employee outlining job responsibilities.

The total income you can earn before paying taxes.

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

A tax credit that reduces the amount of tax owed.

A penalty for underreporting income.

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

A tax form used for reporting wages paid to employees.

A document used for reporting capital gains and losses.

A form for reporting interest income from bank accounts.

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

The total amount of money an employee earns before any deductions.

The amount of money an employee receives after all deductions are made.

The portion of an employee's wages that is saved for retirement.

The total income before any deductions are applied.

The amount of income that is used to calculate an individual's or a company's income tax due.

The income that is exempt from taxation.

The income earned from investments only.

A range of income amounts that are taxed at a particular rate.

A fixed amount of tax paid regardless of income.

A type of tax that applies only to corporations.

A tax exemption for low-income individuals.

A tax system that collects the same percentage from all income earners.

A tax system that collects a larger percentage from high-income earners than from low-income earners.

A tax system that only taxes low-income earners.

A tax system that eliminates taxes for high-income earners.

Profit from the sale of an asset, such as a stock or a bond, calculated by subtracting the price you initially paid from the price you then sold it for.

A tax imposed on the profit from the sale of an asset.

The total value of an asset after depreciation.

The increase in value of an asset over time without selling it.

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

A form used for reporting business income and expenses.

A form for claiming tax credits and deductions.

A form for reporting foreign bank accounts.

Taxes paid by employees to federal and state governments through a direct deduction from their paycheck.

A tax levied on the profit of corporations.

A tax on the value of property owned by an individual or entity.

A tax imposed on goods and services at the point of sale.

An annual report to the IRS summarizing total income, deductions, and the taxes withheld by employers.

A document filed to claim a refund for overpaid taxes.

A summary of all financial transactions for a business over a year.

A form used to report foreign income to the IRS.

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 document used to report an employee's performance review.

A tax form used for reporting business income and expenses.

A form that employees fill out to claim tax deductions.

A document that summarizes your total annual income.

A document attached to every paycheck that details your earnings and the amount withheld for taxes, health insurance, retirement funds, etc.

A form used to apply for a loan from a bank.

A record of your work hours and overtime pay.

The total amount of taxes paid annually.

The percentage at which taxes are paid on each dollar of income.

The fixed amount paid regardless of income.

The rate at which tax refunds are issued.

An amount that can be subtracted from a person's tax liability that lowers their taxable income.

A fee paid to the government for public services.

A type of investment that generates income.

A penalty for late tax payments.

An amount that a government gives back to a taxpayer who has paid more taxes than were due.

A fee charged by the government for late tax payments.

A bonus given to employees based on their tax contributions.

A tax credit that reduces the amount of tax owed.

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.

A document used by employers to report employee wages and taxes withheld to the IRS.

A form that employees fill out to apply for health insurance benefits.

A tax return form used by individuals to report their annual income to the IRS.

Federal and state taxes that all employers must pay, based on a percentage of the employee's salary, toward social services such as Social Security and Medicare.

A tax levied on the profits of corporations to fund public services.

A tax on goods and services purchased by consumers to support local governments.

A tax imposed on individuals based on their total income, excluding salary.

An amount subtracted directly from the tax owed.

A fee added to the total tax liability.

A percentage of income that is taxed.

A deduction from taxable income.