Tax Forms
The form that tells my employer how much to withhold is...
What is, the W-4?
Filing deadline. Tax owed is due. Last day to request an extension. First-quarter estimated payment due.
What is April 15th?
IRS stands for..
What is, Internal Revenue Services?
Payroll deductions are a broad category that encompasses all of..
What is money taken out of your paycheck
Taxes pay for...
Public schools, roads, fire and police, health programs, social security, federal programs, etc.
The form employers must send their employees and the IRS by January 31st.
What is, the W-2?
Employers must send W-2s, and clients must send 1099-NECs, for the year that just ended.
What is by January 31st?
FICA tax is...
What is Federal Income Tax?
The three layers on a paycheck are...
What is, Federal Income Tax (FICA), payroll tax, and state income tax.
The use of illegal means to avoid paying taxes.
What is tax evasion?
The form you submit to the government to file your taxes.
What is, the 1040?
The tax year ends. Income earned after this date counts for the next tax year.
What is December 31st?
Progressive means..
What is, the more money you make, the higher % you pay in taxes?
This is the official name of total earnings before any taxes or deductions are taken out.
What is gross pay (or gross income).
The maximum age a dependent can be if they are a full time student.
What is 24?
Independent contractors, and freelancers typically receive this form to report their earnings
What is, the 1099-NEC?
Second-quarter estimated tax payment is due.
What is June 15th?
If less was withheld than what I owe, then I have...
What is, a balance due?
This is the standard employee medicare rate.
What is 1.45%.
If you earn a paycheck, even if it below the minimum amount at which you're required to file, you should still fill out this form
What is a 1040?
The part of the W-4 that allows you to withhold more money.
What is, W-4 step C?
When does the filing season begin?
What is, January 1st?
Withholding means...
What is, a portion of an employee's pay that an employer deducts from each check and sends it to the government?
This is the standard employee social security tax rate.
What is 6.2%.
Extended filing deadline for people who requested an extension by April 15th.
What is October 15th?