Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

unit 6

taxes

QuestionAnswer
Allowance # that reduces amount of money withheld from person's pay
Business/License tax tax to operate certain kinds of businesses
Deductions expenses legally subtracted from income when figuring income tax
Dependent person one supports financially
Excise tax tax collected on the sale of goods and services
FICA law requiring workers to contribute to SS & Medicare
Form w-2 summary of person's earnings/withholdings for the year for each job worked
Form W-4 provides info employer needs to determine proper amount to withhold from person's paycheck
Gift tax paid by the giver on gifts w/values above a fed. threshold
Gross income amount earned before taxes are withheld
income tax tax paid on earnings from wages, interest, dividends, & other sources
IRS collect income taxes
net income amount remaining after withholds are subtracted from gross pay
payroll tax tax based on payroll of a business paid to the govt.
property tax tax on value of real estate property
public goods goods/services provided by gov. benefits all americans
sales tax added to price of goods/services at time of purchase
tax return set of forms taxpayers use to calculate their tax oblig.
taxable income income figure used to determine income taxes
withholding payroll tax an employer deducts from a person's wages.
Created by: dylandye