Tax Forms
what is W-2?
this is the deadline for most peoples tax filing
what is April 15?
this is the money the government collects from taxpayers
what is taxes?
this is the money taken from an employees paycheck to cover taxes, insurance, etc
what are payroll deductions
this is the agency that collects taxes.
what is the IRS?
This is the form used to file someones federal income tax return.
What is 1040?
what is january
this is the amount of money you earn before taxes and deductions
what is gross pay?
this tax helps fund retirement and some disability benefits
what is social security tax?
the IRS stands for these words.
What are internal revenue service?
this is the form completed to tell someones employer how much federal income tax will be withheld from their paycheck.
What is W-4?
this is the time frame when most employers provide employees with W-2 forms
what is late january
this is the money left over after taxes and deductions
what is net pay?
what is medicare tax?
the punishment for not paying taxes on time.
what Is tax penalties?
an employee receives this form at the end of the year from her employer showing her total wages and taxes withheld from paychecks
what is W-2?
a taxpayer is given an extension on filing their taxes, they now have to file by this date
what is october 15
a taxpayer earns $50,000 and subtracts $10,000 in deductions, what is the remaining amount called.
what is taxable income?
a taxpayer is deducted $100 to cover health insurance premiums by the employer out of their $2000 gross pay, the $100 pays for this tax
what is medicare?
one public service taxes don't pay for is
what is religious activities, etc
an employee is trying to file their taxes, but their employer is withholding their W-4, can they still file?
a taxpayer submits their tax return on April 15, but waits till may to pay it. did they break the deadline?
a taxpayer earns $30,000 from investments, they are required to report how much money on their tax return
what is $30,000?
a taxpayer receives this much in penalties for paying their taxes late
what is 0.5% of their unpaid taxes?
the IRS deducting money from your paycheck is called
what is wage levy?