Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ An amount subtracted directly from the tax owed

Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ The amount on which you will pay income tax

Match the terms with the definitions.

a. audit

b. progressive taxes

c. proportional taxes

d. regressive taxes

e. revenue

f. tax brackets

g. tax evasion

h. voluntary compliance

__ A system in which all citizens are expected to prepare and file income tax returns of their own accord without force

Match the terms with the definitions.

a. audit

b. progressive taxes

c. proportional taxes

d. regressive taxes

e. revenue

f. tax brackets

g. tax evasion

h. voluntary compliance

__ Income tax ranges from 10 to 35 percent based on income

Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ An amount you may subtract from your income for each person who depends on your income to live

Suppose element X is a poor conductor of electricity and breaks when hit with a hammer. Element Z is a good conductor of electricity and heat. In what area of the periodic table does each element most likely belong?

Which would reduce your income tax more-a $300 tax deduction or a$300 tax credit? Explain.

Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ Gross income less adjustments

Match the terms with the definitions.

a. audit

b. progressive taxes

c. proportional taxes

d. regressive taxes

e. revenue

f. tax brackets

g. tax evasion

h. voluntary compliance

__ An examination of your tax return and records by the IRS

What are deductible expenses?

Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ Your tax-filing group based on your marital status

How does the number of exemptions claimed affect the amount of taxes you will pay?

Match the terms with the definitions.

a. audit

b. progressive taxes

c. proportional taxes

d. regressive taxes

e. revenue

f. tax brackets

g. tax evasion

h. voluntary compliance

__ Incoming funds

Match the terms with the definitions.

a. adjusted gross income

b. dependent

c. exemption

d. filing status

e. gross income

f. itemized deductions

g. standard deduction

h. tax credit

i. taxable income

__ A stated amount you can subtract from adjusted gross income if you do not itemize deductions