Taxes
Payments people are required to pay to local, state and national governments
Taxes
An activity through which an individual can earn money
A form that U.S. taxpayers use to file their annual income tax return
Resume
This is a tax paid to fund payments to the Old-Age, Survivors, and Disability Insurance (OASDI) Program. An employee pays 6.2% in taxes, and an employer pays another 6.2% in taxes.
Social Security Tax
The skills, knowledge, and experiences possessed by an individual
A form the employer fills out each tax year to record how much an employee was paid and how much tax was withheld
Progressive Tax System
True or false: you can avoid paying student loans by filing for bankruptcy.
False-The only way out of student loans is death
Skills that can be applied to multiple personal and professional roles
A form to verify the identity and employment authorization of individuals hired for employment in the United States
Estate Tax
This is a list of income levels and tax rates at different levels. It is the system by which we are taxed in America.
Tax Brackets
Interacting with others to develop business or professional relationships
A form the employee fills out upon hiring to let an employer know how much to withhold from their paychecks for taxes.
This is the largest category of expenses of the federal government.
Entitlement programs (Medicare, Medicaid, and Social Security)
This is a tax on money or property that one person gives to another.
Gift Tax
A formal that a job applicant creates to itemize education, qualifications, and experience for a position
If a refundable credit exceeds the amount of taxes owed, the difference is paid as a refund. If a nonrefundable credit exceeds the amount of taxes owed, the refund is lost.
Interacting with others to develop business or professional relationships is called
Networking