Taxes
Income that is not subject to tax is called?
Non-taxable Income
What's a good way to commit tax evasion?
Results may vary
Who pays taxes on earnings?
Anyone with a job
What country is Bluey from?
Australia
What is it called when you legally lower your the amount that you owe for taxes?
Tax Avoidance
What is it called when you illegally lower the amount you have to pay in taxes?
Tax evasion
Income tax is an example of taxes on _____________?
Earnings
What award did Mrs. Jacobs win recently?
NM science teacher of the year
What is the taxable income formula?
Gross Income - Standard Deduction
A tax due on the purchase of cigarettes or gasoline is called?
Excise Tax
What does a standard deduction do?
Reduce your taxable income
When is my baby's due date?
February 12th 2025
A tax imposed on the value of a person's property at the time of death is called?
Estate Tax
Why would someone receive a tax refund when they file taxes?
They paid more in taxes than she needed to
Where does the term federal in "federal tax" refer to?
The whole country
Typically, when is Tax Day in the U.S.?
April 15th
Taxes on earnings that fund old age, survivor, and disability insurance benefits are called?
Social Security Tax
What is the tax liability formula?
Taxable income - credits
School are usually funded using which taxes?
Property Taxes
What year was Disney created?
1923