Basic Info
Concept 1
Concept 2
Concept 3
Concept 4
100

The amount taken out of your paycheck every week is called?

What is Withholding

100

What is standard deduction based on?

What is filling status

100

The IRS stands for?

What is Internal Revenue Service?


100

Net pay is?

What is money you get after taxes.

100

The largest American Social insurance program is..?

What is Social Security.

200

Fica Medicare percentage?

What is 1.45%

200

Income from wages are called?

What is earned income

200

What does the IRS collect?

What is collect taxes?

200

Medicare is?

What is federal health insurance for people 65 or older?

200

Social Security is funded through..?

What is A national trust fund most Americans pay into.

300

State tax percentage?

What is 3.07%

300
State income tax is?

What is use to support state services?

300

Are taxes optional?

What is False

300

How do you find social security tax?

What is gross pay X tax rate.

300

The specific tax that funds Social Security is..?

Payroll Tax.

400

Local tax percentage?

What is 1%

400

Federal income tax is?

What is use to support government programs?

400

Anyone who owns land pays?

What is property tax?

400

Gross pay is...

What is pay before taxes.

400

When do tax refunds deposit?

What is within 21 days 

500

Fica/Oasdi percentage?

What is 6.2%

500

FICA stands for?

What is Federal Insurance Contribution Act

500

A federal insurance program is?

What is Social Security.

500

How do you find your amount of taxable income?

Gross pay - allowance amount

500

Can IRS withhold your refund?

What is being behind in paying government payments