History of Taxes
Tax Vocabulary
How to Pay Taxes
Tax Vocabulary 2
Fun Facts
100
The earliest civilization to use taxes.
What is ANCIENT EGYPT
100
A reduction in the amount of money you need to pay.
What is DEDUCTION
100
You can make a payment by ____ or _____
Check or Money order
100
A child or other person that some can claim depends on them financially.
What is DEPENDENT
100
A US government agency responsible for collecting taxes and enforcing revenue laws.
What is IRS
200
A rebellion in 1798 led by John Fries against the new Federal Property Tax.
What is FRIES REBELLION
200
The total amount of money a person brings in before deductions.
What is GROSS INCOME
200
Easiest way to pay taxes is by using
Direct pay
200
A fixed sum paid for a specific amount of time such as weekly and monthly.
What is SALARY
200
True or False: FICA stands for Federal Institue Company Act
False: Federal Insurance contributions act
300
Three taxes imposed on colonial America by the British.
What is SUGAR ACT, STAMP ACT, TEA ACT
300
Filing status for taxpayers who are married to each other
What is MARRIED FILING JOINTLY
300
If you don't have enough funds in the bank you may use your ______ to pay your taxes
Credit Card
300
Generally paid to a taxpayer who retires early because of a disability.
What is DISABILITY PENSION
300
The United States has a _____ which means the more someone makes the more they will pay on income taxes.
What is a PROGRESSIVE TAX SYSTEM
400
A rebellion in 1794 protesting Alexander Hamilton's excise tax.
What is WHISKEY REBELLION
400
Taxes on property such as real estate, vehicles, and boats.
What is PROPERTY TAX
400
You can apply for an _____ ______ _____ on the IRS website
Online Payment Agreement
400
A partner who is personally liable for partnership debts.
What is GERNERAL PARTNER
400
True or false: Americans pay many types of taxes
True
500
A tax on imports and exports used in the Roman Empire.
What is PORTORIA
500
A review of your tax return by the IRS, during which you are asked to prove that you have correctly reported your income and deductions.
What is AUDIT
500
You can make a settlement offer to the IRS called
Offer in compromise
500
Compensation for the use or forbearance of money
What is INTEREST
500
True or false: Over 1 million accountants are hired each year in America to help with taxes
True
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