Taxes around the world
The 3 types of tax systems.
What is proportional, regressive, and progressive?
Marginal tax rate.
What is the percent of a dollar of income that goes to taxes?
What is a tax return?
A state with no sales tax.
What is Oregon?
1. Amount of money that directly reduces how much tax you have to pay.
2. The most common tax form for federal income.
1. What is a tax credit?
2. What is a 1040?
The type of tax system the USA uses
Types of filing status.
What is single, married filing jointly, married filing separately, and head of household?
The tax return deadline.
What is April 15th?
The number of states without income tax.
What is 8?
1. An expense that reduces your taxable income.
2. A form sent by employers in Jan. to show earnings and taxes withheld.
1. What is a tax deduction?
2. What is a W-2?
Why tax systems are different and not universal.
What is economics, political priorities, and social values?
Standard tax deduction 2024
What is $14,600?
The most common form used to file a tax return.
What is a 1040?
The state with the highest income tax.
What is California at 13.3%?
1. A deduction available to students paying interest on college loans.
2. A form telling how much federal income tax to take out of a paycheck.
1. What is a student loan interest deduction?
2. What is a W-4?
The country with the highest income tax rate.
What is Ivory Coast at 60%
The amount of main federal tax brackets in 2024.
What is 7?
A tax return form used by freelancers and independent contractors.
What is a 1099?
What is Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Kentucky, Michigan, Mississippi, New Hampshire, North Carolina, Pennsylvania, and Utah?
1. A credit that helps families with qualifying children pay less on taxes.
2. A form that reports mortgage interest paid on a home loan.
1. What is the child tax credit?
2. What is a 1098?
The amount of countries with no income tax.
What is 14?
The highest federal marginal tax rate in 2024.
What is 37%?
The amount of years you have to provide documentation if the IRS audits your tax return.
What is 3 years?
The state with the highest property tax.
What is New Jersey?
1. A credit that supports low- to moderate-income workers and can lead to a refund.
2. A schedule used to report capital gains or losses from selling stocks or other assets.
1. What is the earned income tax credit?
2. What is a schedule D?