Who am I?
My name starts with a "W" and where I'm from we don't have any state taxes.
What is Wyoming
Non-employment income
What is a Form 1099
A person that you support financially.
Dependent
Name the 4 filing statuses.
Single, HOH, Married filing jointly, Married filing separately.
Single
Taxable income-13,463
What is 1,560
After the IRS and all its friends(deductions, insurance, etc....) are done taxing my check, I am the thing that's left over.
Net pay
Yearly account of your wages, also basic info like address and SS#
What is a W-2
Listing of items that can be used to decrease your taxable income, and also reduce your tax responsibility.
What is Itemizing
Federal taxes are collected every year by this agency.
What is the I.R.S.
Married filing jointly
67,890
9,259
I am the sum of your income and interest amounts.
What is Adjusted Gross Income
Unemployment compensation
1099-G
An allowable amount that reduces the taxable income.
What is an Exemption
The current sales tax in the state of Florida as of 4/18/2022
What is 7%
Married filing jointly
44,444
5,740
I'm the thing you go to jail for if you don't pay your taxes.
Tax Evasion
Withholding Certificate, used to determine how much tax is withheld from paycheck.
Form W-4
Employer sponsored plan in which employees choose to deposit funds that will be used for specific purposes including some medical procedures.
What is the Flexible spending account.
I'm thinking of a # that is greater than 34 but less than 65. On the board write this as an interval notation.
34<w<65
Single
1,000
101
I'm a New York rapper, in 2012 I pled guilty to two counts of failing to file taxes with the IRS on more than 3 million in income.
Who is Fat Joe
Taxable interest is not over $1500
What is a Form 1040 EZ
An allowable reduction to the taxable income determined by your filing status.
Standard Deduction
The 16th amendment established the federal income tax system we know today. What year did that take place.
1865
1906
1913
1925
What is 1913
Head of Household
80,000
14,329