Tax Forms - terms
- 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 W-2?
when attackers send malicious emails designed to trick people into falling for a scam.
What is Phishing?
- I am received in January
- You get me if you are not an employee, but were paid by a company
- You probably didn’t get taxes withheld if you got me, so you may have a big tax bill coming up
What is 1099?
electronically carries the balance of the employee’s net pay
What is a payroll card?
all income from employment, but only if it is includable in gross income.
- Examples of earned income are: wages; salaries; tips; and other taxable employee compensation
What does earned income inculde?
- I am completed every April
- I cannot be used if you have dependents or investment income
- People like me because I’m especially quick
What is 1040?
When a caller demands immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer
What is taxpayer scam?
- I am completed every April
- Anyone can use me
- But beware, there is a LOT to fill out
What is 1040EZ?
Take a larger percentage of income from high income taxpayers
Examples are State and Federal taxes
What is Progressive Taxes?
includes regular earnings from a source other than an employer or contractor.
What does passive income inculde?
- I am received whenever you start a job
- You use me to prove that you are eligible to work in the U.S.
- You must provide forms of identification when submitting me
What is I-9?
occurs when scam artists use deceptive text messages to lure consumers into providing their personal or financial information.
what is Text message or SMS phishing—also called “smishing”?
- I am received whenever you start a job
- You list information about yourself and your family on me
- I determine how much money gets taken out of each paycheck
What is W-4?
As income rises, the taxes remain the same or decreases
Higher income taxpayers are proportionally charged less
Examples are Medicare, Social Security, and state sales taxes
What is Regressive Taxes?
money received from investments, dividends, interest, and capital gains
What is Portfolio Income?