One
Two
Three
Four
Five
100

I am filled out when you get a job

I tell your employer how much tax to take out of your check

What form am I?

W-4

100
______________________- expenses you can legally subtract from your income before calculating your taxes
What is Deductions
100

The three main categories under mandatory spending

What is Social Security, Medicare, and Medicaid

100
What is gross income?
What is the amount of income you earn BEFORE TAXES are taken out
100
What is net income?
What is the amount of income your receive AFTER TAXES are taken out.
200

This is a form that comes with your paycheck to tell you how much you earn for a pay period and how much you paid in deductions.

Pay Stub

200

Which government receives the largest part of its revenue from income taxes? (Federal, State or Local)

Federal Government

200
Your employer collects payroll taxes by deducting or _________________ your money from your wages. Income withheld from your paycheck goes to prepay your federal income tax and social insurance tax.
What is Withholding
200

This is a person that has at least 50% of their expenses paid by someone else.

Dependent

200

_________________ is a tax placed on income earned by individuals. The amount paid is based on a person's total earnings.

What is Income Tax

300

I am received in January, There is one of me for every job I work, You can tell how much you earned and how much you paid in taxes by reading me

What is a W-2 Form

300

What day are taxes due each year?

What is April 15

300

When you get paid for a whole year, your are getting paid a ______________.

Salary

300

What is the basic tax form used to file federal income taxes?

What is form 1040

300

What are three other filing statuses besides "Married Filing Jointly"

Single, Married Filing Joint, Married Filling Single, Qualifying Widow and Head of Household

400

Name 2 deductions from you paycheck that are not taxes.

Medical, Dental, Retirement, Educational Account, payments

400
________________ is the law that requires workers and their employers to contribute to Social Security & Medicare.
What is FICA or Federal Insurance Contributions Act
400

What do property taxes get used for?

Local governments & school districts

400

This is the federally funded insurance for people of retirement age

 What is Medicare

400

What kind of income tax system do we have in the US

What is progressive

500

What form proves that you are legally allowed to work in the United States?

I-9

500

What box on the W-2 shows the income that you earned for the previous year?

Box 1

500

This form is given to employees of a business when they only work for short periods of time to show income and taxes withheld. It can also be given to show interest earned.

Form 1099

500

Deadline for employers to mail W-2s to their employees (either by paper or electronically)

What is January 31st.

500

What is the largest category in discretionary spending?

What is military spending

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