Important Numbers
Origination of Tax
Basic Terms
Types of Tax
Forms
100
Amount that may be given towards the Presidential campaign fund
What is $3.00
100
first income tax became necessary during this
What is the War of 1812
100
Money collected through taxes
What is Revenue
100
Largest source of revenue in the U.S.
What is income tax
100
A form completed when 1st hired, used to show exemptions
What is a W-4
200
The dollar amount by which you multiply the total number of exemptions claimed.
What is $3650.00
200
10%, 15%, 25%, 28%, 33%, 35%
What are tax brackets
200
A type of income paid to an es-spouse that is taxable
What is alimony
200
Another name for proportional tax
What is flat tax
200
Wage and tax statement
What is a W-2
300
The standard deduction amount is
What is $5700.00
300
Has the power to tax
What is Congress or House of Representatives
300
Willful failure to pay taxes
What is tax evasion
300
Federal Income tax is an example of
What is progressive tax
300
Child support is an example of this
What is non-taxable income
400
Tax return must be filed no later than...
What is April 15th
400
This individual created the Social Security Tax in 1935
Who was President Roosevelt
400
Examination of tax returns by the IRS
What is an audit
400
Tax that requires those who can least afford it to pay the most in proportion to their income tax
What is a regressive tax
400
Three different tax forms are
What is 1040EZ, 1040A, 1040
500
Taxable income must be less than this to file a 1040A tax return
What is $100,000
500
The maximum age a parent may claim their child for tax purposes
What is 23
500
Wages, salaries & tips
What is earned income
500
Employers must withhold 6.2% from their employees gross earnings for what tax
What is Social Security
500
Form in which you must record interest of $1500 or more
What is a Schedule B
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