Tax Forms
This tax form is used for personal federal income tax returns filed by United States residents.
What is Form 1040?
A fixed amount of pay for work over a set period of time (usually one year), regardless of the number of hours worked
What is a salary?
This the name of the form students use to apply for financial aid for college or graduate school.
What is the Free Application for Federal Student Aid (FAFSA®) ?
This is money you receive from someone after they die.
What is an inheritance?
This is the relationship between education and income?
What is more education results in greater income?
This tax form is used to report wages paid to employees and the taxes withheld
What is Form W-2?
This is the amount of pay an employee receives after deductions, such as taxes.
What is net pay?
This is a merit-based payment that used for education.
What is a scholarship?
Money earned by financial assets or financial accounts.
What is investment income?
This is the relationship between education and unemployment.
What is more education results in lower unemployment?
This tax form is completed by an employee and tells an employer how much taxes to withhold.
What is Form W-4?
The amount of pay a worker receives before all deductions.
What is gross pay?
This type of money for education that is usually provided based on financial need.
What is a grant?
Any form of perk or compensation provided to an employee in addition to a salary or wage.
What is are benefits or fringe benefits?
This is how often you should update your resume.
What is all the time?
This tax form is completed by the employee to verify the employee's identity and employment authorization
What is Form I-9?
The Federal Insurance Contributions Act (FICA) pays for this program that provides federal health insurance for people 65 or older and some younger people with disabilities.
What is Medicare?
This is a tax-advantaged plan that can be used to pay for educational expenses.
What is a 529 plan?
Compensation paid to an employee for work performed, usually determined by multiplying a rate by the number of hours worked.
What is a wage?
This is how ofter you should look at your pay and consider asking for a raise.
What is at least once per year?
This tax form is used to report interest paid by a bank or other forms of miscellaneous income
What is Form 1099?
The Federal Insurance Contributions Act (FICA) pays for this program that provides retirement benefits to elderly people, people with disabilities, and family members of survivors.
What is Social Security?
This is the month in which ALL high school seniors and college students should fill out the FAFSA.
What is October?
More specifically October 1.
A form of income that consists of something voluntarily transferred by one person to another without compensation.
What is a gift?
This is the average amount of additional income that a college graduate will earn over their lifetime in comparison to someone who did not graduate from college.
What is $1,000,000.00