Types of Taxes
A portion of your income that you pay to the government to fund public services like schools, roads, and healthcare
What is Income Tax ?
is a document provided to employees that outlines the details of their earnings and deductions for a specific pay period.
What is a paystub ?
A tax added to the sale of goods and services, collected at the point of purchase by state or local governments.
What is Sales Tax ?
is an official tax document that employers provide to employees at the end of the year. It shows your total earnings and the taxes withheld, used for filing your tax return.
What is a W2 Statement ?
A tax on land and buildings, usually based on their value, collected by local governments to fund public services like schools and infrastructure.
What is property tax ?
is an official IRS document used by individuals to file their annual federal income tax returns, either electronically or by mail. It includes information from the W-2 statement, such as total earnings and taxes withheld, to calculate the amount of taxes owed or the refund due.
What is a 1040 form
A tax taken from an employee's wages to fund Social Security and Medicare, with both the employee and employer contributing.
What is pay roll tax ?
is a tax form you fill out when you get a new job to tell your employer how much money to withhold from your paycheck for federal taxes. This helps make sure the right amount of tax is taken out throughout the year.
What is a W4-form