W-4
Who fills this out?
What is you
Who fills this out?
What is your employer
This form is used to file your federal income tax return
What is a 1040
What is the name of the money you receive after taxes are taken out?
What is net/net pay
What is a dependent?
What is a child/children
When is this form filled out?
What is when you start a new job
True or false: You receive a W-2 even if you don't owe any taxes
What is true
This form verifies that you are legally allowed to work in the United States
What is an I-9
If you file your taxes jointly, it means you are what?
What is married
This is the name for money you earn before taxes are taken out
Gross Pay/Gross Income
When you complete this, who do you give it to?
What is your employer
When do you receive this form?
What is January
This document shows income earned from freelance or contract work
What is a 1099
This happens when too much tax is taken out during the year
What is a refund/tax refund
This government agency collects federal taxes in the U.S. (Bonus points for full name)
What is the IRS (Internal Revenue Service)
This happens when you don't withhold enough for your taxes
What is you pay/owe money
Taxes that are withheld for senior citizens and people with disabilities
What is social security/social security tax
What is another name for your retirement you contribute to?
What is a 401k
This is the deadline most people must file their taxes by each year (Tax Day)
April 15th
The term used to describe health, dental and vision insurance
What is a benefit/benefits
True or False: You can change/update your W-4 at anytime
What is true
The two largest portions of Healthcare that your taxes are contributed to
What is Medicare & Medicaid
What is the 3rd highest category that your taxes are contributed to at 13% of total taxes? Health Care, Social Security, ___________
What is National Defense/Military
This term describes taxes that automatically come out of your paycheck
What is withholding
What are the three distinct tax authorities that you pay?
What is federal, state and local