taxes
government
education
vocab
100

the tax form to fill out when filling your taxes 

what is a 1040 form?

100

payments people are required to pay to local, state and national governments 

taxes 

100

these are part time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. 

work study program 

100

what are taxes 

payments people are required to pay to local, state and national governments

200

what is the type of tax paid on money made from selling an asset 

capital gains tax

200

this is the largest expense of the state government 

education 

200

This is the largest expense of the state government

education 

200

progressive tax

Tax that takes a larger percentage of income from the wealthy than the poor taxpayers

300

what will happen to the amount of money being withheld from his paycheck for taxes 

to adjust or check tax withholdings 

300

this is the largest category of expenses of the federal government 

entitlement programs 

300

A document that a job applicant creates to itemize education, qualifications, and experience for a position.

resume 

300

Regressive tax

Tax that takes a higher percentage of income from the poor than from the rich

400

this is a tax paid after a very wealthy person dies 

estate tax

400

what is the biggest source of revenue for the federal government 

individual income tax 

400

Jim’s parents did not further their education after high school. Jim doesn’t have anyone he knows or respects who has.

poverty 

400

Proportional tax (fixed tax)

Tax that takes the same percentage of income from wealthy and poor taxpayers

500

this is a type of tax system takes a larger percentage of income from wealthy than the poor 

regressive taxes 

500

this is the largest category of expenses of federal government 

entitlement programs 

500

He tries to apply to some schools to further his education and get a better paying job but his grades in high school hurt his ability to be accepted into a program.

poverty 

500

Tax brackets

Divisions at which tax rates change in a progressive tax system