Paycheck
What tax deducts the most from your paycheck?
Federal Tax
what are deductions
The amount of money subtracted from the gross pay
or
Things that reduce your taxable income
Refund
Dodo
What is direct Deposit
the electronic transfer of a payment directly from the account of the payer to the recipient's account.
What is the form you receive from your employer at tax time as it relates to your income in the previous year?
W2
What is the point of deductions?
Reducing your taxable income
What is the southernmost country in the world?
Chile
What is the difference between wages & salary
Wages are hourly, salary is yearly
What is the name of the form you fill out before you start a job that informs the employer your marital status, dependents and any federal tax witholding?
W4
What month are taxes usually due?
April
How tall was the tallest man ever?
8'11"
The amount of money that goes into your bank account after deductions is called ____ pay
Net
The US, has this type of tax rate (The more you make the more you owe
Progressive
What is the standard deduction amount?
$13,850 in earned income
What is the deadliest animal in the world?
Mosquito
Name 2 states have no state income tax?
Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming
Which tax form shows non-employment income, such as income earned by freelancers and independent contractors
1099
How much unearned income can you make before you have to file taxes?
$1,250
What country do I want to visit next?
Iceland