Salary, bonuses, tips, gambling gains
Money put in an IRA or 401k
Part of the Treasury Dept
aka Social Security Tax
Federal Income Tax
Pays for national defense and social programs
State Income Tax
Public education, Police and Fire Depts. and roads
People are expected to prepare and file their taxes
Social Security Taxes
Pay for retirement and disability benefits
Summarizes what you've earned and how much the employer withheld for taxes
Form used for single persons with no dependents
Reduces or eliminates your obligation to pay taxes
Children who live with you for more than half a year, are Under 19 years old (24 if a full time student)
Reduces your taxable income if you are not a dependent
Employee's withholding allowance certificate
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