Pay Checks
Taxes
Forms
Key terms
Random thing we need
100

What is Gross pay minus deductions?

What is Net Pay?

100

What tax is applied to personal property?

What is property tax?

100

What form determines how much income tax is deducted from your paycheck?

What is Form W-4

100

What tax is applied to the sale of goods and services?

What is sales tax?

100

What do a majority of people use with tax deductions?

What is standard deduction?

200

What is the inflow and outflow of cash?

What is Cash Flow?

200

What  are expenses that subtract from your paycheck?

What are Payroll deductions?

200

What form is prepared by the employer to report an employee's annual wage and paycheck deductions?

What is Form W-2?

200

What is a Negative cash flow?

What is a Deficit?

200

what can be subtracted from taxes owed?

what are tax credits?

300

What income are your taxes calculated by?

What is taxable income?

300

What is a reduction of taxes paid on gross income?

What are tax deductions?

300

what form communicates between employers and employees the immigration status of the employee?

What is Form I-9?

300

What is the amount of taxes you owe?

What is tax liability?

300

What credit is received for having a child under 17 years of age?

What is the child tax credit?

400

What shows your earnings and deductions in a paycheck?

What are paystubs?

400

What is the U.S. government agency that collects taxes and enforces tax laws?

What is the IRS

400

What form catalogs income that is earned outside of a job?

What is Form 1099?

400

What is a health insurance program for low income individuals?

What is Medicaid?

400

where can a complete list of state tax forms be located?

what is the Bureau of labor statistics website at bls.gov?

500

What is an employer sponsored retirement plan

What is a 401k?

500

What is a tax that in witch employers withhold money from paychecks to fund public health efforts?

What is the Federal Insurance Contribution Act (FICA)?

500

What form requires the use of tax tables and form W-2?

What is Form 1040

500

What is calculated by subtracting adjustments from your total income?

what is adjusted total income?

500

when are most people required to turn in their tax returns?

When is April 15th