Deductions
What is the standard deduction amount for a person filing as single?
$15,750
Marginal
Describe a wage vs a salary
...
Who is playing tonight?
Eagles vs. Cowboys
The Grand Canyon is located in which state?
Arizona
Itemized: $10,000
Standard: $15,750
Which one should you take?
The standard deduction. Always the higher one.
What is a W4 used for?
Tax Withholding
Name an unearned income
investment, gifts, lottery, interest, pension, dividends, unemployment
How many games in an NFL season?
17
Motions of the ground or Earthquakes
What is the standard deduction for a couple married filing jointly?
$31,500
Describe proportional tax
Everyone is taxed the same percentage.
Name one of the top 2 state expenditures.
Education and healthcare
Name a football player who played before 2000
Football Player
What does www. stand for in an internet link?
World Wide Web
Name a voluntary deduction
Health insurance, retirement, disability, union, dental, optometry
Describe a regressive tax rate perfectly.
As you make more money, you get taxed a lower percentage.
How do you calculate a refund?
Taxes withheld-taxes owed=refund
What is the month of the super bowl?
February
How old is the United States of America?
249 Years Old
Which deductions are taken out of your gross pay?
All of them!
Here is the info for Frank:
Gross income: $115,750
Net Pay: $78,000
Total Taxes: $20,000
Netflix: $17.99
What is his effective tax rate?
20%
If Johnny made $16,000 in gross income, what is his total tax?
$25
What is the play known as "victory formation"?
QB Kneel
What is Mr. A's favorite ice cream flavor?
Cookies and Cream/Oreo