Types of Taxes
Terms
Preparing your tax return
What do you know
Celebrities
100
Taxes that take a larger share of income as the amount of income grows.
What are progressive taxes
100
Taxable money paid to a former spouse for support?
What is alimony
100
The date you have to file your taxes by.
What is April 15th?
100
Your tax-filing group based on your marital status
What is filing status
100
The former member of the band The Fugees spent three months in prison for tax evasion after failing to pay more than $1 million in taxes over a decade. The singer pleaded guilty to the charges in June 2012.
Who is Lauryn Hill
200
Taxes for which the rate stays the same, regardless of income
What are proportional taxes or flat taxes
200
Non taxable amount you may subtract for each person who depends on your income to live?
What is an exemption
200
If April 15th falls on the weekend or on a holiday, when are your taxes to be filed?
What is the next weekday.
200
A person who lives with you and for whom you pay more than half of his or her living expenses
Who is a dependent
200
The rapper was released early on Thanksgiving Day but was ordered to pay a $15,000 fine and undergo one year of supervision. He turned himself in to serve a four month sentence for tax evasion
Who is Fat Joe
300
Sales taxes imposed on specific goods and services such as gasoline, air travel, and telephone services
What is an excise tax
300
The process of listing allowable expenses on your tax return.
What is to itemize?
300
What government agency is in charge of collecting taxes?
What is the IRS (internal revenue service)
300
All taxable income you receive, including wages, salaries, and tips
What is gross income
300
Arrested for a DUI, putting her film career on hold. The IRS filed a tax lien against her for $93,701.57 because she never paid her income taxes for 2009.
Who is Lindsay Lohan
400
Taxes that take a smaller portion of income as the amount of income grows
What are regressive taxes
400
The result of adjustments subtracted from gross income
What is adjusted gross income
400
Different tax rates apply to different income ranges means the tax system is?
What is graduated.
400
An examination of your tax return and records by the IRS
What is an audit
400
She dropped a hit album, found worldwide fame, and made tons of cash. Unfortunately, she didn't share any of it with Uncle Sam. In 2016, the American government slapped her with a $391,056.55 tax lien, claiming that she had shirked her taxpaying duties and needed to pay up.
Who is Iggy Azalea
500
The money that the government collects from citizens and businesses in form of taxes
What is revenue
500
The stated amount that you may subtract from the adjusted gross income instead if itemizing your deductions.
What is a standard deduction?
500
The 3 basic forms to use when filing your tax return.
What is the 1040, 1040A, and the 1040EZ?
500
Willful failure to pay taxes
What is tax evasion
500
In 1960, this Civil Rights Activist found himself in tax trouble for supposedly falsifying his 1956 and 1958 Alabama tax returns
Who is Dr. Martin Luther King
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