What is the federal tax collected on the value of a person's property at the time of his or her death?
What is Estate Tax
100
What is the state tax collected on the property left by a person in his or her will?
Inheritance Tax
100
What is the tax on wages, salaries, and self-employed earnings?
What is Income Tax
100
This form provides much of the information you need to file your yearly federal income tax.
What is the W-2 Form
100
What is the form such as 1040EZ or 1040, on which a taxpayer reports how much money he or she received from work and other sources and the exact taxes that are owed.
What is the income tax return
200
What is your gross income after calculating certain reductions to income?
What is your adjusted gross income
200
What is your adjusted gross income less any allowable tax deductions and exemptions.
What is your taxable income.
200
What is a a specific expense, such as medical expense, that you deduct from your adjusted gross income?
What is an itemized deduction.
200
What is an expense that you can subtract from your adjusted gross income to figure your taxable income.
What is a tax deduction
200
What is an unmarried individual or a surviing spouse who maintains a household?
What is Head of Household
300
What is it called when the irs requests a detailed examination of your tax return?
What is a tax audit
300
What form would you use if you make less than 100k, you claim a standard deduction you have no itemized deductions?
What is a 1040a form
400
What is a deduction from adjusted gross income for the taxpayer, the spouse, and qualified dependents?
What is an exemption
400
What is someone you financially support such as a child ?
What is a dependent
400
What is an amount of money that can be subtracted directly from taxes you owe?
What is a tax credit.
500
Amounts of money that does not have to be included in your gross income.
What is an exclusion
500
What is the amount of money set by the IRS that is not taxes.
What is a standard deduction
500
What is the form you use if you make less than 100k, you are single or married, you claim no dependents?
What is a 1040 EZ Form
500
What is the form you would use if you have income from interest or dividends over a set limit,and/or self-employment income?
What is a 1040 form
500
What is it called when a state collects an income tax.