Income
Fixed regular income.
Salary
Used in the United States to report wages paid to employees and the taxes withheld from them.
W-2
The act of purposely failing to pay taxes is known as:
Tax evasion
If Massachusetts has a sales tax of 6 percent and New Hampshire has no sales tax, how much money can be saved by buying a $1,000 television in New Hampshire?
$60
-money earned from working for pay
Earned income
Is to help your employer determine how much money to withhold from your paychecks.
W-4
a tax on property, such as land, buildings (including homes), and motor vehicles.
Property Tax
If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes?
5000$
income received from sources other than employment.
Unearned
Used by U.S Taxpayers to file an annual income tax return.
1040 form
A percentage of income needed to be paid.
Income tax
If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is
6%