Tax Forms
Paying for this helps manage roads, schools, and social security.
What are taxes?
Tax year begins.
When is January 1st?
Employers use this method to send money to the government.
What is Withholding?
Payment towards paying government debt.
When I need time to gather documents.
What is accepting an extension?
A form for notifying employer how much to withhold
What is a W-4?
Employers send the W-2. The clients send 1099-NECs.
When is January 31st?
Term for filing taxes.
What is a tax return?
Payment for covering retirement and disability.
What is Social Security?
I didn't notify of asking for more time, nor filed taxes after the due date.
What is a unaccepted extension?
I still need to pay this organization from my wages, even if I don't owe income tax.
Who is FICA?
Date of when filing is due.
When is April 15th?
Divide tax rates by income.
What is Progressive?
Calculated by "out / gross x 100"
What is % taken out?
Who still pays taxes even if no one withholds their payment?
Form reporting your wage and taxes.
What is a W-2?
The remaining time to file for claiming refunds.
How long is 3 years?
A type of tax withheld towards the government.
What is the Federal Income Tax?
These two tax deductions take out your income unconditionally.
What is Medicare and Social Security?
A condition for filing taxes from savings, interest, and dividends.
What is unearned income?
Form filled by self-employed contractors.
What is a 1099-NEC?
Fourth quarter payment for taxpayers from prior year.
When is January 15th?
A person's income after deducting from taxes.
What is Net Income?
Deductions funding in local transportation, education, and law enforcement.
What is State Taxation?
A college student is claimable by their parents and is under the gross income.
What is Dependent?