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Unit :- 4
Terms in this set (16)
Charges to citizens by local, state, and federal government.
Internal Revenue Service is the government agency in charge of collecting taxes from everyone in the U.S.
A serious crime for deliberately not paying of underpaying your taxes.
When the IRS investigate you and to make sure you are correctly paying your taxes.
When the government takes too much money in taxes from you over the course of a year and they pay you back what they owe you.
The day you must have filled out and turned in your tax return for the year.
Money you don't have to pay the government in taxes for a specific reason.
A form you receive from your job that tells you all the money you have made throughout the year and the taxes you have paid.
A government program that gives people money for being older than 65 or cannot work because of a disability.
Federal health insurance program for people who are older than 65 or have a disability.
When you and your spouse file your taxes together.
The percentage of income you pay in taxes based on how much you make.
People are taxes based on the amount of money they make.
Everyone is taxed at the same rate no matter how much money they make.
A form you fill out when you first get hired that estimates how much in taxes should be taken out of each paycheck.
A form you receive that tells you all the money you have made throughout the year in interest and income from your investments.
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