types of taxes
This type of tax charges a percent of money for spending money on anything you buy
sales tax!
Yes!
What is a tax return?
a report of a person's expenses and income
There are 5 steps for completing a w-4 form. Do you have to fill out all sections?
no! only section 1 and 5 are required
What kinds of things are taxed with property tax?
cars, boats, house and land
Who has to pay taxes?
businesses and people
What forms are needed for filing your taxes?
W-2 and w-4
What if I filled out the entire W-4 form, but I forgot to put my signature?
it is not valid
hint: Medical rhymes with _____?
Medicare tax
What kinds of things do our taxes pay for?
multiple correct answers:
- peoples salaries
- roads and bridges
- parks and playgrounds
- schools
- hospitals
What ways can you file your taxes?
electronically and on paper
What is the name of the tax form that you fill out on your first day of work?
w-4 form
This type of tax is used to support people who are retired and over 65 years old
hint: think about Mr. Dan
Social Security tax
What kinds of jobs are paid for by taxes?
- military, police, firemen, EMTs
What is a pro of filing your taxes electronically?
- its eco-friendly
- its more accurate
- faster refunds
- don't have to worry about the mail
For the filing status box, should you check "single," even if you have a boyfriend?
Yes! Because unless you are MARRIED, you file your taxes separately
income tax
Who are taxes paid to?
hint: it starts with a G
the government
What are cons of filing your taxes on paper
- could get lost in the mail
- not as accurate
- takes longer to receive refunds
- not eco-friendly
What are the required parts of a w-4 form
- name
- last name
- address
- date
- signature
- social security number
- filing status