Random??? (CAN BE ANYTHING ABOUT MS.TARTAGLIA)
What other class do I teach?
Algebra I
What month do you get your W-2?
In January
Define dependents.
Someone who has more than 50% of their expenses paid for by someone else.
What is sales tax?
Taxes on items that you buy
Natasha spends $35 at the shoe store. How much does she pay in total after tax in NY?
$35
How many years have I worked at MCSM?
3rd year
When is Tax Day?
April 15th
Define withholding.
How much they take out of your paycheck for taxes.
What two programs does payroll tax fund?
Social security and medicare
Kate is filling out her income tax return. Her tax for last year is $980. Her employer withheld $780 in federal taxes.
Kate owes $200
What was my major for my undergraduate?
Mathematics- Adolescence Education
What is a W-2?
Tells you how much you made at a job and how much was withheld in a year.
What is your tax liability?
How much you owe in taxes.
What is Flat tax?
when all taxable income is subject to the same tax rate, regardless of income level or assets.
What are the 6 types of taxes?
Sales, Property, Estate, Income, Corporate Income, and Social Security
Who was my top artist on Spotify this year? (and every year)
The Weeknd
What do you do with form 1040?
Complete your taxes
What is an audit?
When the IRS fact checks your taxes to make sure you are telling the truth.
What are property taxes?
Taxes on things that you own (cars, boats, etc.)
If you deposit money towards retirement it is called?
401k
When is my birthday? and what sign am I?
July 4th and Cancer
What are the 3 basic tax forms
1040, 1040EZ and 1040A
What is the difference between a tax credit and a tax deduction?
Tax deduction reduces your taxable income and tax credits reduce your tax liability
If you bought a car in NJ, would you have to pay sales tax on it?
Yes, if you register the car in NY
FICA stands for? and what is the total percentage that goes towards it?
Federal Insurance Contributions Act
6.2% to social security + 1.45% to medicare= 7.65% which you AND your employer pay= 15.3%i