Tax Forms
What can tell how much you earned and how much you paid in taxes by reading?
W-2 Form
Whatv is collected from people who draw an income in the US.
Income Taxes
Contributions to qualifying retirement funds can be exempted from your annual income, lowering the total amount you are taxed upon.
Contribute to a retirement fund
What is Tax determined by
Earned and unearned income
What cannot be used if you have dependents or investment income?
1040EZ
What are withheld from workers’ paychecks by their employers and paid directly to the government.
Payroll Taxes
The amount contributing to a charity may be deducted from your total taxable income.
Charitable contributions
What is Tax paid by
Those living in states with a state income tax
What determines how much money gets taken out of each paycheck?
W-4
What are collect at the point of purchase of goods and services.
Sales Taxes
If you have taxable investment accounts, you may deduct the amount lost from your taxable income.
Losses
What does Tax help fund?
State highways, Operations of state government