tax form that tell employer how much tax to withhold 

(a)  

tax form that reports contractor income

(a)  

tax form that must be completed to file your taxes

(a)  

a tax rate that increases as taxable income increases

(a)  

Issued to citizens and eligible residents. Used for taxes and employment

(a)  

used by individuals who need to file or report taxes but are not eligible for a Social Security Number (SSN).

(a)  

a range of income that is taxed at a specific rate under a progressive tax system

(a)  

an amount that you can subtract from your taxable income, which reduces the income subject to tax

(a)  

a dollar-for-dollar reduction in the amount of taxes you owe the government

(a)  

a plan for how you will use your money 

(a)  

money set aside to cover unexpected expenses or financial emergencies. Aim for 3-6 months of living expenses

(a)  

Costs that remain the same each month and do not fluctuate with usage or spending habits. (rent, car payment, phone plan)

(a)  

Costs that change from month to month based on usage, consumption, or personal choices. (Groceries, Utilities, gas, eating out)

(a)  

costs for essential items and services that you must pay to maintain basic living standards (rent, groceries, utilities)

(a)  

Costs for non-essential items. Optional spending (eating out, vacations, entertainment)

(a)  

every dollar of income is assigned to a specific purpose

(a)  

50% needs, 30% wants, 20% savings

(a)  

cash based budget where you divide specific amounts of money into different spending categories. When money is gone, spending stops.

(a)