Taxes

T

100

April 15th

What is tax day?

200

The money you take home from work

What is net pay?

300

Another name for Federal Insurance Contribution Act

What is FICA?

400

6.2%

What is Social Security tax rate?

500

Failure to pay or deliberately underpayment of taxes

What is tax evasion?

A

100

Percentage you get with your savings account or what you get in return for lending money.

What is interest?

200

All income from wages, salaries, and tips is taxable

What is true?

300

Not all income needs to be reported

What is false?

400

IRS can collect back taxes, assess penalty, and freeze your bank account

What is true?

500

The amount of money the U.S. government owes

What is US national debt?

X

100

April 16th

What is the day after tax day?

200

Tax on tobacco and alcohol

What is a sin tax

300

Another name for Social Security tax

What is FICA?

400

1.45%

What is Medicare tax rate?

500

Employees use to complete their individual income tax return

What is W-2 form

ES

100

When workers can begin receiving benefits from Medicare

What is age 65?

200

The money you earned before taxes are taken out

What is gross pay?

300

Automatic $300

Automatic $300

400

Employee's withholding allowing certificate or what you the employee completes to let your employer know how much money to withhold from your paycheck for federal taxes

What is W-4 form?

500

The difference between revenue and spending

What is deficit?