Where Is My Money?
THIS is the money you earn hourly for your time and effort at work.
Wages
When you buy clothes or check out at the grocery store, you will pay THIS.
Sales Tax
If you work and earn money, you will have to pay THESE.
Taxes
This is the deadline for filing your income tax return.
April 15
Property tax, inheritance tax, estate tax, and gift tax are all examples of THIS tax.
Wealth Tax
THIS is a fixed, annual rate of pay that doesn’t change by working more or fewer hours.
Salary
THIS is California Sales Tax
7.25%
Every American who earns an income must file THIS each year.
Federal Tax Return
When someone says they need to file their taxes, they’re talking about filing THIS form.
Federal Tax Return
Renting out property or selling content on a blog are examples of THIS income.
Passive Income
THIS is also known as “take-home pay”.
Net Income
THIS is the tax on the purchase of goods or services.
Consumption Tax
THIS is the total tax a person or business has to pay.
Tax Liability
THIS is the main IRS form that most Americans use to file their taxes.
Form 1040
THIS tax requires you to pay tax on an asset you receive when someone passes away.
Inheritance Tax
THIS tax pays for things everyone gets to enjoy, like parks, libraries, and zoos.
Consumption Tax
THESE are expenses that are taken out of paycheck.
Withholdings and Deductions
Always keep your filed taxes for at least 3 years in case the IRS decides to do THIS to your tax return.
Audit
Self-employed people are likely to need the help of THIS person.
Tax Professional
Wealth taxes are often dependent on where you live, so it’s a good idea to understand the tax rules for THIS.
Your State
THIS type of government spending lowers the amount of taxes that need to be collected.
Government Deficit Spending
THIS is the tax you pay when you buy specific items like cigarettes, alcohol, airline tickets or gas.
Excise Tax
Giving to THIS type of organizations can lower your taxable income.
Non-Profit Organizations
THIS FORM estimates how much tax you’ll owe based on your personal situation.
W-4 Form
You can produce THIS by buying and selling stocks, bonds, mutual funds, and real estate.
Portfolio / Investment Income