Taxes
Federal Insurance Contribution Act - social security and medicare
What is FICA
Three biggest categories of where our taxes dollars go
What is health programs, social security, and defense and security
A form used to file taxes
What is a 1040
A provision that reduces taxable income
What is a deduction
List of public government places taxes are used for
What is public schools, parks, court systems, and libraries.
A form used to prove citizenship in the United States
What is an I-9
What is a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption
What is a dependent
Which department covers the cost of military operations, troop training, equipment, and weapons research?
What is department of defense
A form that shows important information about the income you've earned from your employer and amount of taxes withheld from your paycheck
What is a W-2
A reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or state government
What is a tax refund
This tax fixes and repairs our roads
What is state tax
The IRS document that you complete for your employer to determine how much should be withheld from your paycheck for federal income taxes
What is a W-4
A marginal tax or progressive tax and apply to all forms of earnings that make up a taxpayer's taxable income
What is federal tax
This tax pays for our police and fire departments funding
What is state, county, and city taxes
What does IRS stand for?
Internal Revenue Service