Definitions
US federal government agency that collects taxes and enforces tax law.
What is the IRS
Form 1099
What is a series of form that shows income earned outside of a job using W-2?
Tax deducted from an individual's pay check.
What is Payroll Tax
The amount of tax on earnings based on percent of income.
What is State income tax
This is take home pay.
What is a Net Pay
Form I-9
What is an employment eligibility form.
Payroll Deduction
what is the amount of money taken out of your pay for taxes
City and county taxes
What is local income tax
An employment-sponsored retirement plan.
What is 401(k)
Form W-4
Why is homeostasis important?
Tax applied to personal property.
what is Property Tax
Amount of federal tax on earnings
What is federal income tax
Tax deducted from one's paycheck
What is Income tax.
Form W-2
What determines how much of your income is taxable.
Tax deducted from ones paycheck based of their net income.
What is Income Tax
School buses, schools, etc.
What your local taxes go to.
Used to determine the amount of income tax deducted from your paycheck when starting a new job
What is Form W-4.
Form 1040
What is an important IRS for used to show income and taxes payed over 1 year.
Glenda is selling candy, she adds .25 cents to the overall cost per dollar spent.
What is Sales Tax
An employer-sponsored retirement plan
What is 401(k)