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eric toscano
eric toscano
eric toscano
100

THIS is the form an employer sends to an employee and it summarizes the year's earnings and withholdings.

What is a W-2?

100

The function of the IRS is to do THIS.

What is collect taxes?

100

THIS is the due date for tax returns to the IRS.

What is April 15th?

100

THIS organization collects income taxes.

What is the IRS or Internal Revenue Service?

100

The other name for "take-home pay" is THIS.

What is net pay?

200

THIS is the form a taxpayer sends to the IRS annually.

What is a 1040EZ or tax return?

200

A W-2 is sent from THIS to THIS.

What is from employer to employee?

200

THIS is when employers send W-2s to employees.

When is January of each year?

200

IRS stands for THIS.

What is Internal Revenue Service?

200

Your earnings BEFORE deductions and withholdings is called THIS.

What is gross pay?

300

THIS is a form that new employees fill out.

What is a W-4?

300

A form 1040EZ is sent from THIS to THIS.

What is from the taxpayer to the IRS?

300

THIS is when a person needs to fill out a W-4.

What is when a person starts a new job?

300

Money subtracted from your paycheck to pay for insurance, retirement, savings, etc. are called THESE.

What are deductions?

300

Money your employer takes out of your paycheck and sends to the IRS as taxes are called THESE.

What are withhholdings?

400

THIS is the other name for a 1040EZ.

What is a tax return?

400

THIS, THIS and THIS are on a W-2.

What are annual earnings, withholdings and deductions?

400

THIS is where a taxpayer would look to find out how much taxes they owe based on their income.

What is an IRS tax table?

400

THIS, THIS and THIS are three types of taxes.

What are any three: federal income, state income, sales, property, Social Security, Medicare, unemployment, disability, capital gains?

400

If your employer withholds too much in taxes, the IRS will send you THIS, which is the amount you overpaid.

What is a refund?

500

THIS is the paper (or electronic version) that you receive EVERY PAYDAY, summarizing earnings, withholdings and deductions.

What is a paycheck or paystub?

500

THIS is why someone would have to pay capital gains tax.

What is earning a profit on an investment?

500

THIS is when your parents should stop claiming you as a dependent.

What is when you start supporting yourself?

500

If your employer does not withhold enough taxes, you will have to do THIS.

What is pay more taxes to the IRS?

500

Gross pay - deductions & withholdings = THIS.

What is net pay or take-home pay?

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